Summary: Bitcoin, the cryptocurrency with the largest market cap, ushered in the first sharp fall in this round of bull market on Monday, the price fell from above $40,000 to as low as $30,200, with a drop of over 20%. At the time of writing, Bitpush data shows that Bitcoin has rebound to around $34,000. However, Crypto ...

Bitcoin, the cryptocurrency with the largest market cap, ushered in the first sharp fall in this round of bull market on Monday, the price fell from above $40,000 to as low as $30,200, with a drop of over 20%. At the time of writing, Bitpush data shows that Bitcoin has rebound to around $34,000.

However, Crypto analyst Michaël van de Poppe warned in his latest tweet that market performance is cyclical, and corrections will continue to occur. In addition, Poppe forecasted that institutions will flow into the Bitcoin market and push the market up much higher, which may reach $250,000 to $350,000 in the future bull market. 

By Mary Liu