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RE: BTC - Bakkt volumes crush previous highs!

in #bitcoin • 5 years ago

Thanks for sharing the news. Hopefully this means more institutions would finally pour into Bitcoin (BTC).

That said, the price of BTC recently dropped under $9K, down to about $8.8K, just as the news came in that Bakkt volumes soared to new highs.

Is the price decline simply due to technicals, or was it connected to Bakkt's somehow, you think?

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5 years ago in #bitcoin by
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     5 years ago 

    Good question. It may be both. Technicals deteriorating and institutions want to take advantage of what they perceive as a good opportunity to make some money.