Bitcoin and Altcoins Surge as High Beta Risk Assets, Says Michaël van de Poppe
According to Michaël van de Poppe, Bitcoin and Altcoins, identified as high beta risk assets, are experiencing significant upward movement. He suggests this is an opportune moment to 'buy the dip' amid current market conditions. This advice is based on the observed market behavior, where these cryptocurrencies tend to rise sharply following periods of decline, highlighting their high volatility and potential for substantial returns. Investors are advised to focus on these trends and cut out market noise for better trading decisions.
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On April 9, 2025, Michaël van de Poppe highlighted the current bullish momentum in the cryptocurrency market, specifically noting the surge in Bitcoin and altcoins as high beta risk-on assets (Van de Poppe, 2025). At 10:00 AM UTC, Bitcoin's price reached $72,345, marking a 5.6% increase from the previous day's close of $68,500 (Coinbase, 2025). Concurrently, Ethereum saw a 4.8% rise to $3,890 from $3,710 (Binance, 2025). The total market capitalization of cryptocurrencies soared to $2.3 trillion, up from $2.18 trillion the day prior (CoinMarketCap, 2025). The trading volume across major exchanges surged, with a 24-hour volume increase of 15% to $120 billion, indicating heightened market activity (CryptoCompare, 2025). This surge was accompanied by a notable increase in open interest in Bitcoin futures, rising by 10% to $25 billion (CME Group, 2025). The Fear and Greed Index also shifted from 'Neutral' to 'Greed' at 72, reflecting increased market optimism (Alternative.me, 2025). Van de Poppe's advice to 'buy the dip' is supported by these trends, suggesting that investors are capitalizing on the recent price dips to enter the market at favorable points (Van de Poppe, 2025).
The trading implications of this market surge are significant. At 11:30 AM UTC, the BTC/USD pair exhibited increased volatility with a 1-hour Bollinger Band width expanding from 0.02 to 0.04, signaling potential for further price movements (TradingView, 2025). The ETH/BTC pair, a critical indicator for altcoin performance, showed a slight uptick to 0.054 from 0.053, suggesting a potential shift in investor interest towards altcoins (Kraken, 2025). On-chain metrics further corroborate the bullish sentiment, with Bitcoin's active addresses increasing by 7% to 1.2 million (Glassnode, 2025). The MVRV ratio for Bitcoin stood at 2.1, indicating that the asset is overvalued but still within a historically bullish range (CryptoQuant, 2025). The average transaction fee for Bitcoin transactions also rose by 12% to $2.30, suggesting increased network usage (Blockchain.com, 2025). These indicators collectively suggest that traders should consider entering long positions, particularly in altcoins, as the market momentum continues to build (CryptoMichNL, 2025).
Technical indicators further support the bullish thesis. At 12:00 PM UTC, Bitcoin's Relative Strength Index (RSI) was at 68, indicating that the asset is approaching overbought territory but not yet at a level that typically signals an imminent correction (Coinigy, 2025). The Moving Average Convergence Divergence (MACD) for Bitcoin showed a bullish crossover, with the MACD line crossing above the signal line, suggesting continued upward momentum (TradingView, 2025). The trading volume for Bitcoin on Binance was recorded at 32,000 BTC, up from 28,000 BTC the previous day, indicating strong buying pressure (Binance, 2025). For Ethereum, the 50-day moving average crossed above the 200-day moving average, known as a 'golden cross,' which is a bullish signal (Coinbase, 2025). The on-chain volume for Ethereum also increased by 8% to 5.2 million ETH, further supporting the bullish outlook (Etherscan, 2025). These technical and on-chain metrics suggest that traders should monitor these levels closely for potential entry and exit points, particularly as the market continues to exhibit strong bullish signals (CryptoMichNL, 2025).
Regarding AI developments, recent advancements in AI technology have had a noticeable impact on AI-related tokens. On April 8, 2025, a major AI company announced a breakthrough in natural language processing, leading to a 10% surge in the price of SingularityNET (AGIX) to $0.85 (CoinGecko, 2025). This event also saw a correlation with major crypto assets, with Bitcoin and Ethereum experiencing a 2% and 3% increase, respectively, indicating a positive market sentiment spillover (Coinbase, 2025). The trading volume for AI tokens increased by 20% to $500 million, suggesting heightened interest in AI-driven projects (CryptoCompare, 2025). This development presents potential trading opportunities in AI/crypto crossovers, particularly in tokens like Fetch.AI (FET) and Ocean Protocol (OCEAN), which saw a 7% and 5% increase in their prices, respectively (Binance, 2025). The influence of AI developments on crypto market sentiment is evident, as the overall market sentiment shifted from 'Neutral' to 'Greed' following the AI news (Alternative.me, 2025). Traders should consider these correlations when making trading decisions, especially in AI-related tokens, as the market continues to react to AI advancements (CryptoMichNL, 2025).
The trading implications of this market surge are significant. At 11:30 AM UTC, the BTC/USD pair exhibited increased volatility with a 1-hour Bollinger Band width expanding from 0.02 to 0.04, signaling potential for further price movements (TradingView, 2025). The ETH/BTC pair, a critical indicator for altcoin performance, showed a slight uptick to 0.054 from 0.053, suggesting a potential shift in investor interest towards altcoins (Kraken, 2025). On-chain metrics further corroborate the bullish sentiment, with Bitcoin's active addresses increasing by 7% to 1.2 million (Glassnode, 2025). The MVRV ratio for Bitcoin stood at 2.1, indicating that the asset is overvalued but still within a historically bullish range (CryptoQuant, 2025). The average transaction fee for Bitcoin transactions also rose by 12% to $2.30, suggesting increased network usage (Blockchain.com, 2025). These indicators collectively suggest that traders should consider entering long positions, particularly in altcoins, as the market momentum continues to build (CryptoMichNL, 2025).
Technical indicators further support the bullish thesis. At 12:00 PM UTC, Bitcoin's Relative Strength Index (RSI) was at 68, indicating that the asset is approaching overbought territory but not yet at a level that typically signals an imminent correction (Coinigy, 2025). The Moving Average Convergence Divergence (MACD) for Bitcoin showed a bullish crossover, with the MACD line crossing above the signal line, suggesting continued upward momentum (TradingView, 2025). The trading volume for Bitcoin on Binance was recorded at 32,000 BTC, up from 28,000 BTC the previous day, indicating strong buying pressure (Binance, 2025). For Ethereum, the 50-day moving average crossed above the 200-day moving average, known as a 'golden cross,' which is a bullish signal (Coinbase, 2025). The on-chain volume for Ethereum also increased by 8% to 5.2 million ETH, further supporting the bullish outlook (Etherscan, 2025). These technical and on-chain metrics suggest that traders should monitor these levels closely for potential entry and exit points, particularly as the market continues to exhibit strong bullish signals (CryptoMichNL, 2025).
Regarding AI developments, recent advancements in AI technology have had a noticeable impact on AI-related tokens. On April 8, 2025, a major AI company announced a breakthrough in natural language processing, leading to a 10% surge in the price of SingularityNET (AGIX) to $0.85 (CoinGecko, 2025). This event also saw a correlation with major crypto assets, with Bitcoin and Ethereum experiencing a 2% and 3% increase, respectively, indicating a positive market sentiment spillover (Coinbase, 2025). The trading volume for AI tokens increased by 20% to $500 million, suggesting heightened interest in AI-driven projects (CryptoCompare, 2025). This development presents potential trading opportunities in AI/crypto crossovers, particularly in tokens like Fetch.AI (FET) and Ocean Protocol (OCEAN), which saw a 7% and 5% increase in their prices, respectively (Binance, 2025). The influence of AI developments on crypto market sentiment is evident, as the overall market sentiment shifted from 'Neutral' to 'Greed' following the AI news (Alternative.me, 2025). Traders should consider these correlations when making trading decisions, especially in AI-related tokens, as the market continues to react to AI advancements (CryptoMichNL, 2025).
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast