Gold vs Altcoins: Capital Shift Deepens Ahead of FOMC Meeting
- Gold surges ahead of FOMC while Ethereum and the broader altcoins decline.
- Van de Poppe links capital flight from altcoins to strong Gold momentum
- Analysts debate if altcoin decline is due to Gold rally or crypto market stagnation
Gold, often viewed as a safe-haven asset, continues its impressive price climb, a sharp contrast to recent struggles in the cryptocurrency market, particularly among major altcoins.
As Gold pushes higher ahead of a closely watched U.S. Federal Open Market Committee (FOMC) meeting, crypto analysts are debating this divergence and what it means for Ethereum (ETH) and other alternative digital assets.
Analyst: Gold Rally Drawing Focus from Altcoins
One such analyst, Michael van de Poppe, submitted that Gold’s sustained rally is a key factor behind the latest price decline across the altcoin market. The analyst believes digital asset investors are currently focusing more on Gold’s strong performance.
Now, with the traditional safe haven hitting new highs,…
The post Gold vs Altcoins: Capital Shift Deepens Ahead of FOMC Meeting appeared first on Coin Edition.
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Gold vs Altcoins: Capital Shift Deepens Ahead of FOMC Meeting
- Gold surges ahead of FOMC while Ethereum and the broader altcoins decline.
- Van de Poppe links capital flight from altcoins to strong Gold momentum
- Analysts debate if altcoin decline is due to Gold rally or crypto market stagnation
Gold, often viewed as a safe-haven asset, continues its impressive price climb, a sharp contrast to recent struggles in the cryptocurrency market, particularly among major altcoins.
As Gold pushes higher ahead of a closely watched U.S. Federal Open Market Committee (FOMC) meeting, crypto analysts are debating this divergence and what it means for Ethereum (ETH) and other alternative digital assets.
Analyst: Gold Rally Drawing Focus from Altcoins
One such analyst, Michael van de Poppe, submitted that Gold’s sustained rally is a key factor behind the latest price decline across the altcoin market. The analyst believes digital asset investors are currently focusing more on Gold’s strong performance.
Now, with the traditional safe haven hitting new highs,…
The post Gold vs Altcoins: Capital Shift Deepens Ahead of FOMC Meeting appeared first on Coin Edition.
Read More