Theo Van de Poppe, many macro factors outside the crypto market are creating new momentum: China is easing monetary policy (QE), Europe is lowering interest rates, and the US is preparing to cut interest rates, driving capital into risky assets such as Bitcoin and altcoins.
He also emphasized that the Chinese Yuan (CNH) against the USD is an important indicator for altcoins.
History shows that strong rallies of altcoins often occur after CNH/USD hits a bottom, similar to the periods in 2016 and 2019. Recently, this exchange rate has dropped sharply and is showing signs of recovery, opening up expectations for a new rally.
