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The post <a href="https://coinpedia.org/news/altcoin-crash-heres-when-top-coins-will-revive-back-from-danger-zone-and-explode/" rel="noopener noreferrer nofollow">Altcoin crash: Here’s when top coins will revive back from ‘danger zone’ and explode</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Popular cryptocurrency analyst<a href="https://www.youtube.com/watch?v=WncpNywtdd0" rel="noopener noreferrer nofollow"> Michael Van De Poppe</a> recently took to his latest video and discussed the current state and future of the cryptocurrency market, focusing on altcoins. He said that the altcoin market is highly volatile, capable of sharp increases as well as major corrections, as seen recently. Major altcoins have fallen by over 40% in the last two weeks, with some on-chain altcoins dropping by more than 70%.
This volatility raises questions about the future of altcoins or if the downward trend will continue. Several factors need to be considered regarding the current correction.&nbsp;
Impact of Ethereum ETF Delay
Poppe gave two reasons to explain the scenario. Firstly, he said that Altcoins, like Ethereum, are struggling because of uncertainty about when the Ethereum ETF will start trading. Even though the ETF has been approved, it hasn’t been listed yet. This delay is causing confusion and market instability.&nbsp;
The approval process involves detailed filings to ensure compliance with regulations, but the actual trading hasn’t started, leading to ongoing market corrections. Once the ETF begins trading, it could bring more investor interest and potentially lead to a market upswing, similar to what happened with previous ETFs.
Macroeconomic Factors
The second argument revolves around recent macroeconomic events such as CPI (Consumer Price Index), PPI (Producer Price Index), and FOMC (Federal Open Market Committee) announcements. These events heavily influence market sentiment and policy decisions, particularly regarding interest rates. CPI and PPI data came in lower than expected, suggesting potential easing of inflationary pressures and potentially signaling future rate cuts by the Federal Reserve (Fed).&nbsp;
Altcoins typically perform well during periods of quantitative easing (QE) and low interest rates when global liquidity increases. However, recent market trends, including a stronger dollar and reduced expectations for rate cuts, have negatively impacted cryptocurrencies, which are considered risk-on assets.
Anticipating Market Reversal
He expects a reversal in the crypto markets, expecting the current downturn to end soon. The key catalyst for this turnaround is the potential listing of the Ethereum ETF, which is likely to generate significant market interest and confidence.
Currently, Bitcoin is doing well, but Ethereum and many other altcoins are still far below their highest prices. He says to watch Bitcoin dominance and how Ethereum’s price compares to Bitcoin, as these factors could indicate if altcoins will start doing better.

Altcoin crash: Here’s when top coins will revive back from ‘danger zone’ and explode

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