Wintermute: The cryptocurrency market has digested negative catalysts, and this week's focus is on digesting profit taking selling pressure

Wintermute stated that after the Federal Reserve's interest rate hike and the failure of the CLARITY bill's procedural vote, the negative catalyst in the cryptocurrency market has been digested. This week's focus will be on establishing new support levels and digesting profit taking selling pressure, with attention returning to Bitcoin, Ethereum, SOL, and HYPE (target price of $100).