• Analyst Michaël van de poppe warns that a recent breakout in Gold could signal a crypto pullback
• The move in the safe-haven asset may indicate a temporary capital rotation away from risk-on altcoins
• Top altcoins like ETH, XRP, and SOL have already started to retrace from their recent yearly highs.

The altcoin market is pulling back from its recent highs, and a top analyst believes the reason is hiding in an unexpected place: the gold market. According to Michaël van de Poppe, a powerful breakout in the price of gold could be signaling a short-term capital rotation away from risk-on assets like crypto.

This surge in Gold’s price coincided with a slowdown across the altcoin market, which saw most top tokens consolidate. Some altcoin prices have even declined slightly as bulls work to prevent a deeper breakdown…

The post ‘Safe Haven’ Gold Is Winning the Fight Against ‘Risk-On’ Crypto appeared first on Coin Edition.

• Analyst Michaël van de poppe warns that a recent breakout in Gold could signal a crypto pullback
• The move in the safe-haven asset may indicate a temporary capital rotation away from risk-on altcoins
• Top altcoins like ETH, XRP, and SOL have already started to retrace from their recent yearly highs.

The altcoin market is pulling back from its recent highs, and a top analyst believes the reason is hiding in an unexpected place: the gold market. According to Michaël van de Poppe, a powerful breakout in the price of gold could be signaling a short-term capital rotation away from risk-on assets like crypto.

This surge in Gold’s price coincided with a slowdown across the altcoin market, which saw most top tokens consolidate. Some altcoin prices have even declined slightly as bulls work to prevent a deeper breakdown…

The post ‘Safe Haven’ Gold Is Winning the Fight Against ‘Risk-On’ Crypto appeared first on Coin Edition.