According to Crypto Rover, altseason has officially started as of May 7, 2025, signaling a potential surge in leading altcoins. This announcement, combined with recent increases in trading volumes and positive sentiment across Ethereum, Solana, and other major altcoins, suggests a shift in market dynamics that may present new trading opportunities for crypto investors. Traders are advised to watch for breakouts in high-cap altcoins, monitor Bitcoin dominance, and track cross-market flows as these factors typically influence altcoin price action during altseason (source: @rovercrc on Twitter).

According to Michaël van de Poppe, Bitcoin's breakout above $87,000 indicates a move towards an all-time high (ATH), while altcoins and ETH are outperforming Bitcoin significantly. This trend suggests a shifting macroeconomic environment as gold declines by 3% from its recent peak.

According to Michaël van de Poppe, the recent downturn in Gold's daily candle suggests a potential decline in Gold prices. This trend is anticipated to benefit risk-on assets, including altcoins, which may see a bullish movement in the coming days. This analysis provides a strategic insight for traders looking at altcoin investments as Gold trends lower.