October 25, during Bullran platform Bakktset a record for trading Bitcoin (BTC), which amounted to 640 BTC. At the same time, the number of processed futures contracts reached 1179.
∙ Today's volume so far: 240 BTC
∙ Last traded price: $ 9,460.00
∙ Trading day progress: 3%
∙ If this continues, 100% would equal to: 8000 BTC— Bakkt Volume Bot (@BakktBot) October 28, 2019
Currently the trading volume is 240BTC. Considering the fact that only 3% of the session has passed, we can assume that the site’s clients will buy about 8,000 BTC. As a result of the pump in the cryptocurrency rate on the night from Friday to Saturday, the value of the asset reached $10,300, but then sharply decreased to $8,900 and now fluctuates around $9,300 – $9400.
On October 15, BeInCrypto publisheddigital assets report. The document states that the rise in the price of Bitcoin this year is due to the influx of capital from institutional investors. The company's employees compared the bullruns of 2017 and 2019 and noticed four significant differences. This year:
These facts indicate that the interest of privateinvestors to Bitcoin did not rise. Therefore, analysts suggest that the digital asset will rise in price in the near future amid the spread of news about the record-breaking daily profit of traders since 2011.
