👀 Wintermute Names Fed Policy as the Main Headwind Capping the Crypto Market 🔹 Analysts at market maker Wintermute stated that the cryptocurrency market was the first to react to the deteriorating geopolitical situation surrounding Iran. This immediate response occurred because digital assets, unlike traditional financial markets, trade 24/7 without weekends. 🔹 The firm noted that earlier in the week, Bitcoin rallied to around $67,000 driven by optimism over potential diplomatic breakthroughs. However, following the US Federal Reserve (Fed) policy meeting, the market began to lose momentum, and the collapse of weekend negotiations further accelerated the sell-off. 🔹 Wintermute pointed out a notable macroeconomic detail: among major risk assets, Bitcoin's relative performance lagged behind only oil.