According to Odaily Planet Daily, Marex Solutions said on Wednesday that Wall Street's shift to small-cap stocks at the expense of large-cap stocks could drive the rise in the crypto market.
Ilan Solot, senior global strategist at Marex Solutions, said sector rotation may be the most important macroeconomic factor for cryptocurrencies.
Solot believes that as the heat on Mag 7 stocks fades, money will look for other places to deploy, with small-cap stocks being a knee-jerk reaction, but he suspects cryptocurrencies will benefit from this rotation.