Crypto Rallies Are Getting Shorter: Wintermute CEO

Bitcoin slid to its lowest level in more than a week. Wintermute CEO and co-founder Evgeny Gaevoy says that the recent crypto market cycles have defied expectations, driven in part by memecoin activity and growing investor preference for ETFs rather than direct speculation. On policy, Gaevoy says that he supports the current market-structure legislation as a necessary next step for crypto's development. He joined the discussion On "Bloomberg Crypto" with Scrlet Fu and Tim Stenovec. ...