Crypto Markets Plummet as Institutional Funds Flee Bitcoin ETFs
Crypto markets are experiencing a downturn, with Bitcoin trading at around $75,000 after a sharp selloff. The main reason for this drop is the significant withdrawal of institutional funds from U.S. spot Bitcoin ETFs, which reached $450.4 million on September 15.
This heavy outflow occurred as traders were already reducing their exposure to crypto assets following the Senate's failure to advance the CLARITY Act and the Federal Reserve's decision to raise its benchmark rate for the first time since 2023.
AlphaPepe, however, is taking a different approach. The presale campaign is offering up to 200% extra ALPE to qualifying buyers through its bonus drop promotion. Over 500 buyers have already participated in this campaign, which is set to expire soon.