Is the altcoin market ready for a sustained rally? On CNBC’s Global View program, I assessed the current state of the cryptocurrency market. After forming a local bottom, Bitcoin is now undergoing another short-term consolidation phase. Geopolitical tensions and monetary policy uncertainty have not triggered a new low for the crypto market, but it is still too early to speak of a sustained upward trend. Considering liquidity conditions, the bottoming process could extend until September. However, by September–October, there is a possibility that a new bull season will begin, with the Altcoin Market Cap and Others Market Cap surpassing their 2021 peaks.
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