Four Potential Triggers for a Crypto Bull Market Resurgence, According to Michaël van de Poppe

Analyst Michaël van de Poppe identifies four potential catalysts that could revive the crypto bull market after this week’s sell-off. 

He suggests that significant inflows into Bitcoin (BTC) and Ethereum (ETH) ETFs could trigger a rally, especially if ETH starts to perform positively. Additionally, worsening macroeconomic conditions that weaken the US dollar and boost gold prices could benefit risk assets like Bitcoin. Van de Poppe also notes that reclaiming key support levels, such as ETH/BTC holding above 0.044 BTC, might signal a market turnaround. 

Lastly, a settlement in the SEC’s lawsuit against Ripple could positively impact the market. Despite current market volatility, he sees potential for a rebound as digital assets approach major support levels.

Clever Robot News Desk 8^th August 2024