Crypto Slump Could Be Far From Over, Barclays Analyst Warns

Another sell-off could be on the way for crypto after a leading strategist at Barclays warned that the recent U.S. stock market rally may not last. There are more signs of trouble in the cryptocurrency market, with a leading strategist at Barclays warning that the recent rebound in U.S. stocks may not last. Alexander Altmann, the global head of equities tactical strategies at Barclays, is now somewhat skeptical of the strength of the stock market rebound after the brutal sell-off that has also dragged cryptocurrencies lower. He lists factors such as negative market breadth, mediocre growth stock performance, a modest rebound in neocloud stocks, the ongoing crypto slump, and a flat quality factor.

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