Wintermute said Bitcoin nears key $59,000 support as short term volatility narrows
According to over-the-counter trading desk Wintermute, both Bitcoin and Ether are edging toward the lower end of their recent trading ranges. In a market note released Wednesday, Wintermute pointed to last week’s hawkish Federal Reserve signals and a stream of news out of Iran as ongoing pressures on the two largest cryptocurrencies. Wintermute is recognized as one of the leading liquidity providers in the crypto industry.