September 20, 2020

Bakkt launched impact on the cryptocurrency market

Bakkt launched impact on the cryptocurrency market

Today the long-awaited launch of the platform for trading physical futures on Bitcoin took place. During Last month, the launch of Bakkt was one of the most discussed topics in the crypto space, as it is the first of its kind platform complying with the laws of the United States.

The impact of Bakkt on the cryptocurrency market

Bakkt is the first platform to offer customers physically delivered Bitcoin futures. This means that the client will receive BTC at the end of the contract.

The launch of a new platform should havepositive impact on the cryptocurrency industry. The community believes that this product is able to change the attitude of institutional investors to Bitcoin and attract their capital to the industry.

At the same time, the BTC price is still being traded.below $ 10,000 and is testing support levels of $ 9,600. There has been no significant impact on Bitcoin since the launch, and cryptocurrency still continues to trade near $ 10,000 levels.

As users of social networks note, now is the time to open short positions with the possibility of good earnings on them.