The upcoming Shapella hard fork in Ethereum has led to concerns that there may be some volatility in altcoin markets. Validators who staked Ethereum on the network’s consensus layer will be able to withdraw their funds after the hard fork, and this could result in significant selling pressure. Lenders such as Celsius are also set to recover funds by withdrawing approximately 158,000 staked ETH. Together, these withdrawals could lead to selling pressure of around $2.4 billion, which amounts to roughly one-quarter of ETH’s 24-hour trading volume. Altcoins are already down by 3% or more in the run-up to Shapella. However, analysts believe that a cooling US CPI could generate sustained Bitcoin and cryptocurrency rallies. Luno’s Country Manager for South Africa, Christo de Wit, has suggested that the crypto market has rebounded from the banking crisis and driven the price of Bitcoin above $30,000. A new video by Coin Bureau also highlighted the potential catalysts for the next crypto bull run, pointing out a rise in overseas interest in crypto assets, particularly in Asia.