According to Michaël van de Poppe, government bond yields have hit new lows, and the $DXY index is starting to turn. In the cryptocurrency market, $ETH is experiencing an upward trend, while $ONDO has announced the tokenization of ETFs, which could lead to increased trading volumes and interest in tokenized securities. Traders might consider maintaining their positions given these developments. Source: Michaël van de Poppe on Twitter.

According to Michaël van de Poppe, a notable figure in cryptocurrency analysis, Bitcoin is unlikely to experience a heavy sell-off; instead, a slight correction may occur. He highlights that the U.S. Dollar Index ($DXY) is down 1%, and predicts a collapse in yields, which could serve as a catalyst for altcoins to gain momentum, independent of external financial agreements. These movements are crucial for traders focusing on altcoin opportunities. Source: Michaël van de Poppe (@CryptoMichNL).

According to Michaël van de Poppe, the Core CPI was slightly lower than expected, following a significantly lower than expected PPI. This has resulted in weakness in yields and the US Dollar Index ($DXY), while cryptocurrencies continue to show strength.

According to CryptoMichNL, the latest job openings report revealed a figure of 7.67 million, falling short of the expected 8.10 million and marking the worst report since April 2021. This has led to a substantial drop in interest rates and a weakened $DXY index. Consequently, altcoins are experiencing a bounce.