Analyst: Altcoins poised for rally once Bitcoin's surge cools

Altcoins are expected to gain momentum and rally as soon as Bitcoin's sharp price increase slows down, according to prominent crypto trader and analyst Michaël van de Poppe. He commented that the overall movement in the crypto market, led by Bitcoin, has been excellent this week, adding that the market had been excessively undervalued. Van de Poppe also suggested that the impact of the U.S. airstrike in Iran may have been an over-hyped catalyst. He concluded that Bitcoin's surge indicates healthy capital rotation and that altcoins will gain greater momentum the moment Bitcoin's price begins to consolidate.