Crypto News

Opinion: the fall of bitcoin has triggered the start Bakkt

Today completed the third day of the platform Bakkt, the opening of which, in the opinion of many members of the crypto community, should be the impetus for the active price growth of the cryptocurrency. Despite users ‘ expectations, market changes are more negative.

So, at the time of writing the news, bitcoin exchange rate for the day slipped by 13.44%. The asset is out of the triangle in the body of which he was moving for a long period of time. According to its users, the negative movement of BTC is the result of unmet expectations in relation to start Bakkt.

курс bitcoin.PNG

All cryptocurrencies of the top 10 ranking of capitalization, except stablon Tether, also came out in the fall. The maximum loss was recorded at the Bitcoin SV (-24,94%). According to the participants of the crypto community, the stability of the exchange rate USDT due to the fact that during the negative motion of the major cryptocurrencies, cryptopolitico, in attempts to avoid losses, transfer of assets in “stable coin.”

Meanwhile, users summed up the first days of work Bakkt. It turned out that the level of trading on the platform was 75 times lower than what was recorded on the CME in December 2017. In spite of this, a number of members of the crypto community, including a member of the research team CoinDesk Glenn Moore believes that the comparison of the two periods start trading bitcoin futures properly, because of their differences.

Despite this low trading volumes Bakkt became an occasion for jokes:

“Institutional investors are investing money in Bakkt: expectation vs reality”.

We will remind, earlier CryptoFound dismantled
the effects of the first day of the launch of the platform.
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