• Crypto analyst Michaël van de Poppe believes altcoin market capitalization could breakout above $800 billion soon. 
• The analyst notes that the recent correction in cryptocurrencies resulted in a drawdown in prices of assets, erasing 4% market cap. 
• Ethereum, Lido staked Ether and Binance Coin erased between 2% and 6% of their value in the past week. 

Ethereum ETF approval by the Securities & Exchange Commission in the past week failed to catalyze gains in Ether. Despite optimism among market participants, Bitcoin remained in the spotlight while altcoins in the top 10 assets ranked by market cap experienced a drawdown.