Altcoin Markets Hit Bottom, Crypto Rally Anticipated Amid Economic Downturn: Expert Analysis on Coins and Symbols
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- Popular crypto analyst Michaël van de Poppe predicts a market-wide rally in the crypto sector, due to signs of slowing economic activity.
- Van de Poppe’s optimism is fueled by the US labor market’s underperformance in April, with unemployment rising to 3.9% and average hourly earnings growing less than expected.
- The analyst believes that the Federal Reserve will be forced to turn on the money printers to support the job market, which will in turn boost risk-on assets like Bitcoin.
Michaël van de Poppe, a well-known crypto analyst, predicts a market-wide rally in the crypto sector amid signs of slowing economic activity and underperformance of the US labor market.
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