Correlation Between ETH And Treasury Yields Highlighted By Analyst

According to BlockBeats, on October 19, Michael van de Poppe, founder of MN Trading, highlighted a significant correlation between Ethereum (ETH) and Treasury yields. Van de Poppe noted that an initial interest rate cut of 50 basis points could result in an 11% increase in ETH. Conversely, a shift in sentiment combined with rising yields could lead to a decline in ETH. He also predicted that the next altcoin bull market would commence following the Federal Reserve's next interest rate cut.