Tag: ethereum as gold consolidates
Gold’s Decline to $3900 Could Signal the Next Big Altcoin Rally, Says Michaël van de Poppe
The post Gold’s Decline to $3900 Could Signal the Next Big Altcoin Rally, Says Michaël van de Poppe appeared com. Gold and Bitcoin are again in the news, as Michael van de Poppe has put into the limelight a major macro trend. The recent decrease in gold, alongside its consolidation, which he says will give rise to altcoins and Bitcoin. I’ve said this yesterday and earlier, Gold coming down and consolidating is heavily bullish for risk-on assets, including #Altcoins. There’s been a negative correlation between TH / TC and Gold. The best period to thrive for altcoins is to have a period of consolidation. pic. twitter. com/KZjWj4LVsq Michaël van de Poppe (@CryptoMichNL) October 28, 2025 Van de Poppe reckons that the fall of such commodities commonly leads to a market shift into more risky assets, such as Bitcoin, Ethereum, and altcoins currently in their early stages of development. Over the last 7 days, gold has decreased in value, dropping from $4,783 to $3,918 since the beginning of the week and testing key support levels at $3,900, which coincides with the EMA50 on the daily timeframe. This downward trend might precondition a long-term phase of crypto market growth as investors are looking for greater profits. Risk-on Momentum Builds Across Bitcoin and Ethereum As Gold Consolidates As gold consolidates, the larger crypto market has risen. Bitcoin was at $105000 last week, and it has risen to a high of $115000 this week, which indicates 9. 5% growth. Similarly, Ethereum surged back and rose from 3, 800 to 4, 200. This indicated a new wave of strength in the big altcoins. As Van de Poppe describes, the ETH/BTC pair has been relatively negatively correlated with gold in the past. This trend tends to recur, with some of the currencies of the altcoins recording a positive growth of up to 15% over the last week. The continued outperformance of the leading digital assets underscores the perception that investors.