Bit-comment: It’s getting harder for Bitcoin to hold on to the $10,000

It’s getting harder for Bitcoin to hold on to the $10,000 threshold. Bitcoin virtually unchanged over the last 24 hours. On Monday morning, the BTC is again balancing on both sides of the level. The balance is very fragile, and lousy news background could well knock Bitcoin and altcoins out of their way. Alternative cryptocurrencies are barely showing signs of growth.

Today, on September 23rd, it is planned to launch the delivery futures from Bakkt. This long-awaited and that is why the potentially dangerous event for price dynamics. The adverse scenario will begin to unfold if it does not have the expected effect on the crypto market. Official relations between institutional investors and crypto assets with the permission of regulators are a long dream of market participants. Soon, all views will be confined to developments on this front. The attempt of VanEck and SolidX to launch a limited version of the ETF ahead of Bakkt failed. So the market participants have concerns that the demand of institutional investors may not be so high.

The FxPro Analyst Team