Altcoins Poised for Bull Run After Extended Bear Market
- Michaël van de Poppe identifies three factors driving crypto prices higher.
- Global financial conditions are easing, boosting risk-on assets like altcoins and Bitcoin.
- Investors may shift from gold to crypto as gold peaks at $3,500 per ounce.
- The CNH/USD ratio is correlated with the ETH/BTC pair, suggesting a potential altcoin rally.
- The recent bear market for altcoins lasted four years, the longest on record.
Crypto trader Michaël van de Poppe highlights easing global financial conditions and investor shifts from gold as key factors potentially leading to an altcoin bull run. The CNH/USD ratio’s correlation with ETH/BTC also suggests a favorable outlook for altcoins. At the time of writing, the ETH/BTC pair is trading at 0.01894 BTC.
Source (2.6)https://dailyhodl.com/2025/04/29/analyst-says-altcoins-turning-bullish-after-longest-bear-market-names-three-factors-driving-crypto-rallies/?rand=59076
