Why Do Bitcoin, Ethereum Suddenly Underperform Altcoins?

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are underperforming not just equities but even altcoins — an unusual dynamic that reflects a market trading almost entirely on macro signals rather than crypto-native fundamentals.

What Happened: New research from Wintermute shows the latest crypto selloff wasn’t sparked by structural weakness. Instead, it was a macro-driven flush, triggered by a rapid repricing of December rate-cut expectations.

After Fed Chair Jerome Powell walked back earlier dovish comments, odds of a …

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