Categories: Crypto Review

Bit-comment: Bakkt is not a “breakthrough of the year”?

Bitcoin declined below the $10K threshold, pushing most of the altcoins south and currently trading at $9,800. Crypto market isn’t into a free fall yet, but there are prerequisites for that. Investors laid down high expectations regarding the delivery futures. Nevertheless, the launch of Bakkt has not to become a “breakthrough of the year”, yet. According to the latest data, the trading volume on the platform grew up to 49 BTC ($480K at the current rate).

On Tuesday morning, Bitcoin loses 2% and changes hands around $9,800. It should be noted that on the downturn under $9,700, the coin was redeemed at the increased trading volumes. This may turn out to be a signal that large players still buy crypto coins at a discount. As for the altcoins, the situation is more complicated here, and the limit of confidence in these assets was lower, judging by the size of the decline in the top alternative cryptocurrencies.

The FxPro Analyst Team

The FxPro Analyst Team

Our team consists of financial market experts. Our dedicated professionals prepare reviews on the foreign exchange market situation, Crude Oil, Gold and Stock Indices. All the analysts are regularly published in the world leading economic media.

Share
Published by
The FxPro Analyst Team

Recent Posts

Oil: rebounded but unlikely started to recover

Oil prices rose by over 7% in the past week, reaching above $70 per barrel.…

7 hours ago

EURGBP Wave Analysis 25 November 2024

- EURGBP reversed from support zone - Likely to rise to resistance level 0.8375 EURGBP…

7 hours ago

EURCHF Wave Analysis 25 November 2024

- EURCHF reversed from support zone - Likely to rise to resistance level 0.9360 EURCHF…

7 hours ago

Important economic events of new week

The RBNZ's key rate decision, the release of the FOMC meeting minutes, and inflation estimates…

11 hours ago

Crypto Recharged Over the Weekend

The crypto seems recharged over weekend, and positive traction resumed on Monday. Bitcoin may reach…

12 hours ago

GBPUSD Wave Analysis 22 November 2024

- GBPUSD broke support zone - Likely to fall to support level 1.2465 GBPUSD currency…

3 days ago

This website uses cookies