Signs of life are starting to reappear in the altcoin market after a prolonged four-year slump, according to crypto analyst Michaël van de Poppe.
While investor sentiment took a hit over the last quarter, van de Poppe suggests the tides could be turning — but the real drivers are unfolding far beyond the crypto space itself.
Global liquidity trends are increasingly steering the future of risk assets. With China rolling out new rounds of quantitative easing, Europe easing interest rates, and U.S. policymakers hinting at rate cuts, van de Poppe sees Bitcoin and altcoins benefiting from the influx of fresh money. In his view, rare assets like Bitcoin historically thrive when the money supply (M2) expands — a pattern now appearing again.
Gold’s strong rally, outperforming the S&P 500 since 2022, has also reflected rising risk appetite, yet van de Poppe believes gold’s momentum may be peaking. If gold cools off, he argues, capital could rotate into riskier plays like crypto over the next 12–18 months, setting up a favorable environment for altcoins.
Another metric van de Poppe is closely tracking is the Chinese Yuan’s performance against the U.S. Dollar. Historically, when the CNH/USD pair bottoms, major altcoin rallies have followed — as seen in 2016 and 2019. Following sharp recent declines, van de Poppe suggests the yuan may have stabilized, potentially signaling a new uptrend in the crypto markets.
Ultimately, van de Poppe believes the old four-year cycle model is losing relevance. Instead, macroeconomic factors — especially liquidity flows and global monetary policy shifts — are now the dominant forces that could shape the next explosive phase for altcoins and Bitcoin alike.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/altcoin-market-may-be-set-for-a-comeback-as-macro-forces-align/