Crypto trader Michaël van de Poppe believes Bitcoin’s dominance has reached its peak. This suggests that altcoins may soon gain momentum.
Ethereum ETF Impact
Financial giants like Blackrock and Grayscale are awaiting SEC approval for a spot Ethereum ETF. If approved, it could boost ETH’s price and potentially spill over to altcoins.
Negative Altcoin Sentiment
Van de Poppe acknowledges the current negative sentiment towards altcoins. However, he believes this will change in the coming weeks or months.
Altcoins Eager to Run
Van de Poppe suggests that Bitcoin’s consolidation will create a favorable environment for altcoins to rally.
Altcoin Market Cap
As of writing, the altcoin market cap is $1.23 trillion, down 12% in the past month.
