Bitcoin is falling brutally, with major investors getting out and investing in altcoins instead. Michaël van de Poppe (@CryptoMichNL), a top trader with nearly 800,000 followers on X (formerly, Twitter), warns his followers: “Expect some further downside in Bitcoin, after which I think we will hit the bottom within a week.” Poppe's forecast: Bitcoin will pick up liquidity in the area around $61,000 and then move upwards again. It is therefore quite possible that the setback is just a temporary lull and that the Bitcoin price will soon recover. However, there is an overarching development that speaks against this, because: As CoinShares reports here, Europe's largest asset manager for digital assets, institutions are currently abandoning Bitcoin and Ethereum in droves — and investing in altcoins. ETP trading volume fell to $11.8 billion last week compared to $18 billion the previous week, while Bitcoin price fell 6%.” What's surprising here is that while many large investors are exiting Bitcoin, some altcoins are seeing inflows. For example, 99Bitcoins (99BTC) is currently just before the magical $1 million mark: The promising new cryptocurrency has already raised a whopping $977,000 in the presale, illustrating the demand for serious, potentially sustainable projects. Visit 99Bitcoins Presale Here The concept: “Learn to Earn,” the latest crypto trend! Read more in our articles including "GrabPay Wallet now supports crypto top-ups" and "Major Cryptocurrency Investors are Now Buying Altcoins".
GrabPay users in the Philippines now have the option to top up their wallets using…
Jul 9, 2025
Bitcoin is falling brutally, with major investors getting out and investing in altcoins instead. But…
May 6, 2024
Maya is giving its users free Bitcoin, plus a chance to take home PHP 1…
Aug 28, 2022
Binance CEO Changpeng ‘CZ’ Zao had recently tweeted that the crypto exchange had put a…
Jun 14, 2022
The proposed Markets in Crypto Assets (MiCA) framework, which aims to regulate crypto-assets while supporting…
Mar 16, 2022We may have not realized it, but decentralized finance (DeFi) is historically not a new…
Mar 6, 2022Bitcoin is falling brutally, with major investors getting out and investing in altcoins instead. Michaël van de Poppe (@CryptoMichNL), a top trader with nearly 800,000 followers on X (formerly, Twitter), warns his followers: “Expect some further downside in Bitcoin, after which I think we will hit the bottom within a week.” Poppe's forecast: Bitcoin will pick up liquidity in the area around $61,000 and then move upwards again.
It is therefore quite possible that the setback is just a temporary lull and that the Bitcoin price will soon recover. However, there is an overarching development that speaks against this, because: As CoinShares reports here, Europe's largest asset manager for digital assets, institutions are currently abandoning Bitcoin and Ethereum in droves — and investing in altcoins. ETP trading volume fell to $11.8 billion last week compared to $18 billion the previous week, while Bitcoin price fell 6%.” What's surprising here is that while many large investors are exiting Bitcoin, some altcoins are seeing inflows.
Our coverage of bitcoin includes: "GrabPay Wallet now supports crypto top-ups"; "Major Cryptocurrency Investors are Now Buying Altcoins"; "Maya giving away free Bitcoin". Each article provides unique insights and information.