Crypto Analyst Identifies Three Key Factors Fueling Bullish Trend in Altcoins Following Prolonged Bear Market
DAILY HODL: TOP CRYPTO NEWS 04/29/2025
Hey there, crypto enthusiasts! Today, we're diving into exciting insights and predictions from a popular trader, Michael van de Poppe, about the future of Bitcoin, Ethereum, and altcoins.
Van de Poppe believes that we're on the verge of a significant bull run for altcoins. According to him, three factors are contributing to this bullish momentum:
- Easing Financial Conditions: As central banks across the globe adopt Quantitative Easing (QE) and lower interest rates, liquidity increases, leading to a rise in Bitcoin.
- Shifting Investor Interest: Gold's recent peak has led some investors to reassess their positions and consider moving their capital into cryptocurrency, particularly altcoins like Ethereum.
- Historical Data: Van de Poppe finds that the Offshore Chinese Yuan (CNH) and US dollar ratio (CNH/USD) has been tightly correlated with the value of Ethereum versus Bitcoin (ETH/BTC) in the past. After the "tariff madness," a potential CNH/USD bottom could indicate a strong upward trend for altcoins.
At the time of writing, ETH/BTC is trading at 0.01894 BTC, equivalent to $1,798.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their own research before making any investment decisions.
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- The upcoming Solstice Labs launch promises a Solana-native stablecoin, USX, designed for transparent yield, as stated in their recent announcement.
- Van de Poppe's prediction of a significant altcoin bull run is further supported by his analysis of the correlation between the Offshore Chinese Yuan and US dollar ratio (CNH/USD) with the value of Ethereum versus Bitcoin (ETH/BTC).
- According to the Spotlight section, Galaxy Executive anticipates the US government will accumulate Bitcoin this year to boost its strategic reserve.
- As reported in Industry Announcements, Common has launched the first privacy web app with subsecond proving times for Arbitrum and Aleph Zero EVM, highlighting advancements in blockchain technology.
