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Michaël van de Poppe Cites US-Iran Conflict as Main Macro Overhang Limiting Bitcoin Rally

GateNews

Geopolitics Market Analysis

2026-05-29 09:22:10

BTC0.05%

According to Michaël van de Poppe on X, the crypto market is being weighed down by the global economic impacts of the US-Iran conflict. As of May 29, Bitcoin is trading at $74,412, down 1.9% on the day. The analyst expects an agreement between the two countries will be reached in the coming weeks, which could set Bitcoin and altcoins up for strong rallies throughout the summer. Van de Poppe warns that altcoins may collapse in value if Bitcoin loses support at $73,000.

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