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Bakkt exchange goes live, but reception is lacking - Bitcoin below $10,000

From leaprate.com

Ho-hum. The Bakkt exchange finally opened its doors, after thirteen months of built up anticipation, but there was no avalanche of institutional orders, no fanfare, only a plethora of articles in the press asking where was everyone hiding? The first transaction was for one BTC, pegging the price at $10,115. Another 17 BTC of orders soon entered from stage left, but the trickling stream was near silent, a surprise and disappointment to many of the Bitcoin hopeful. Within a few hours, $290,000 had traded on the exchange. Many analysts had predicted a slow start, and slow it was. The market was also unsure, as well, as ... (full story)

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  • Category: Fundamental Analysis