On Sunday, a momentous occasion took place for the Bitcoin industry: The Intercontinental Exchange-backed Bakkt launched its much-awaited Bitcoin futures contracts after nearly a year of regulatory setbacks and logistical hurdles. While many expected for there to be “fireworks” at the open, there weren’t. Indeed, as according to the Intercontinental Exchange’s market data says that…
In short, no. Bakkt’s bitcoin futures launch yesterday was underwhelming but it has not had any impact on crypto markets which are doing exactly what they have done for the past couple of years. Another Slide For Crypto Assets Another day another dump. There is nothing out of the ordinary with today’s market action which…
All eyes were closely watching to see how much utilization Bakkt’s physically settled Bitcoin futures platform was met with during its launch yesterday evening, but much to the chagrin of investors who believed that it would open with massive utilization stemming from institutional investors who are interested in crypto, its Bitcoin trading volume was and…
The launch of the Bakkt platform might not have been accompanied by the fireworks in the Bitcoin market that some were expecting but the firm’s CEO is still confident in the positive impact it will have on the industry. Kelly Loeffler believes that Bakkt represents an “important step” for the industry. Many Bitcoin fans had…
During periods of times when assets consolidate and price action becomes exceptionally confusing, some crypto analysts will occasionally flip their Bitcoin price charts upside down in an to attempt to remove any preconceived bias from their technical analysis. One prominent crypto analyst has done just that, and Bitcoin’s current price action in inverse appears visually…
According to one analyst, the Bitcoin (BTC) price is entering “bear” territory. This may seem crazy, especially considering that the leading cryptocurrency is still some three times higher than it was during December’s harrowing bottom, but there is technical analysis-based evidence to suggest that BTC is in more of a precarious situation than some think.…
Trading appears to be off to a positive start on Bakkt following its launch late yesterday. The same cannot be said for Bitcoin which at the moment is experiencing a lull in volume and volatility. Bakkt Bitcoin Volume to Increase Over Time Launching a major institutional investment product for a relatively new asset is not…
Bitcoin price is currently trading below the $10,080 resistance area against the US Dollar. The price is facing many hurdles on the upside near $10,080 and $10,100. There is a short term breakout pattern forming with resistance near $10,060 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could either…
Just so you all know, Bakkt’s Bitcoin futures will have their first weekend pre-open in thirty minutes after this article is published. While you all, dear readers, likely do not have access to the investment vehicle from the get-go, due to the institutional focus of this product, you should have your fingers on the trading…
It’s time, guys and gals: Bakkt is finally here. Shortly after the publishing of this article, the Bitcoin (BTC) futures contracts from the much-ballyhooed exchange will finally be going live. As spotted by analyst Salsa Tekila, the physically-deliverable contracts from Bakkt will begin trading at 7:55 PM Eastern Standard Time (EST) — this translates to 4:55…