If crypto is to sustain its New Year rally, central banks need to pivot, research from CoinShares suggests. Interest rate sensitive assets are relying on a turnaround in monetary policy across the globe to sustain momentum, according to James Butterfill, head of research at CoinShares. Crypto and equities — which both have historically moved on macro indicators, like inflation prints and central bank rate decisions — are becoming increasingly correlated as investors contemplate the best asset allocation strategy. But central banks are due for a pivot, so the trend will not last forever, Butterfill said. “As monetary ... (full story)