According to Michaël van de Poppe (@CryptoMichNL), the gold chart is the most critical to monitor in the upcoming week due to a sudden correction at the end of last week, which may confirm a short-term downtrend (source: Twitter, June 8, 2025). This development is noteworthy for crypto traders, as a sustained gold pullback could drive investor capital into altcoins, potentially boosting altcoin trading volumes and prices. Traders should closely watch gold’s price action as a leading indicator for possible inflows into the cryptocurrency market, especially altcoins, in the near term.

According to Michaël van de Poppe (@CryptoMichNL), gold has experienced a clear trend switch, correcting by 8% since its peak. This movement is driven by recent negative macroeconomic data, which has increased pressure on the Federal Reserve to consider monetary easing. While this environment may benefit risk-on assets like equities and cryptocurrencies, it signals short-term bearish momentum for gold as traders shift focus. Source: Michaël van de Poppe via Twitter (May 1, 2025).