While crypto markets have suffered considerably since early May,
gainst risk-on-assess is cleaning the most speculative assets like meme coins. Mike McGlone, Chief Commodity Strategist at Bloomberg Intelligence, predicted that declining volatility vis-à-vis equity markets will allow Bitcoin and Ethereum to come out ahead. While crypto markets have suffered considerably since early May, the bearish conditions may only last for a limited time and there are signs that the decline is coming to an end or at least easing. In a recent interview with Yahoo Finance, Bloomberg Intelligence Chief Commodity Strategist Mike McGlone expressed his belief that even if emerging crypto markets suffer along with the S&P 500, the former will come out on top. The recent crash was fueled by the Fed's anti-inflation measures McGlone explained that the current performance of the stock and crypto markets was due to the Federal Reserve's fight against inflation. A Bloomberg strategist predicts this trend will continue. He found that crypto assets are some of the...