💡 CoinMarketCap | Macro Intelligence: Fed Leadership 💡
The Fed just got more hawkish. Kevin Warsh's confirmation is driving a risk re-rating across crypto, and the flight-to-quality is already underway.
Data confirms a sustained shift in sentiment:
🔹 Fear & Greed: 46 (6-point drop in 4 days)
🔹 $30B out of altcoins since May 11
🔹 CMC20 outperforming CMC100
🔹 AI sector volume down 33%
Markets are pricing in tighter liquidity ahead!
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Micron's buildout both in the Idaho fab and their RND investment would not happen if there was some structural foundation to memory. Our visual below on durability of the agreements is why $MU is confident in structural growth for the category.