Marex Solutions: U.S. industry stock rotation trend may drive crypto market up
Marex Solutions said on Wednesday that Wall Street's shift to small-cap stocks at the expense of large-cap stocks may drive crypto market up. Ilan Solot, senior global strategist at Marex Solutions, said industry rotation may be the most important macroeconomic factor for cryptocurrencies.
"As the heat of Mag 7 stocks fades, funds will look for other places to deploy. Small-cap stocks are a knee-jerk reaction, but I suspect cryptocurrencies will benefit from this rotation," Solot said in an interview. (CoinDesk)
