Gold Eyes All-Time High While Altcoins Correct: Is the Crypto Rally on Hold?

Gold approaches resistance at $3,400 as investors seek safety amid global tensions. Altcoins lag as Bitcoin dominance holds at 64.1%, delaying the anticipated altcoin season. Softer US inflation data and Fed rate cut bets support gold while pressuring crypto markets. Gold is nearing a critical technical threshold as macroeconomic uncertainties and geopolitical tensions drive investors to safer assets. Meanwhile, the pullback in altcoins has sparked inquiries about when the next crypto market rally might occur. Analyst Michaël van de Poppe highlights the current struggle at critical gold resistance levels, indicating a potential shift in overall risk appetite should gold continue its upward movement. Macroeconomic Events Drive Gold’s Strength, Pressure Risk Assets Recent events around the world have strengthened the perception of gold as a safe haven. Constant geopolitical tensions, including new US tariff threats and conflicts in the Middle East and Ukraine, have prompted investors to avoid risk. The US Federal Reserve has adopted a dovish strategy, with the markets speculating a potential rate cut by September, further weakening the US Dollar. This… The post Gold Eyes All-Time High While Altcoins Correct: Is the Crypto Rally on Hold? appeared first on Coin Edition .

Source: Coin Edition