Barclays warns crypto could face further sell-off as US stocks rally stalls

A new round of selling may hit the cryptocurrency market following warnings from Alexander Altmann, global head of equities tactical strategies at Barclays, about the sustainability of the ongoing US stock market rally. Alexander Altmann has issued a cautious outlook on the strength of the recent recovery in US equities, noting that the rally has failed to address several underlying weaknesses. Altmann cited negative market breadth, subdued performance among growth stocks, only moderate recovery in neocloud stocks, continued weakness in crypto, and stagnation in quality factor assets as reasons for concern. The strategist further observed that the enthusiasm surrounding artificial intelligence investments, which has fueled much of the US equity surge, may be reaching unsustainable levels.

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