Crypto Market Set to Benefit from Outflows in U.S. Mega-Cap Stocks

IconCryptoNewsTerminal Staff17 Jul, 2024

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Crypto Market Set to Benefit from Outflows in U.S. Mega-Cap Stocks

The cryptocurrency market could see a boost from outflows in large-cap U.S. stocks, according to a London-based financial services firm. According to an analysis by Marex Solutions, liquidity from outflows in the "Magnificent 7" of mega-cap tech stocks could be redeployed into smaller companies and the cryptocurrency market. “Small-cap equities have been the obvious beneficiary, but we think crypto markets will also benefit from these flows,” said Ilan Solot, a senior analyst at Marex Solutions. This news follows a recent trend of rising interest in cryptocurrencies as investors seek alternative investments amid market volatility.