The price of Bitcoin has dropped dramatically today, falling by $600 at 6:00 p.m. UTC on Aug. 28.In the course of an hour, the Bitcoin price sank from $10,269 to $9,630, but is currently attempting to stage a recovery.
Bitcoin's current position marks a weekly low for the seminal cryptocurrency, after hitting a seven-day high of $10,791 on Aug. 20.
On its 30-day chart, the coin is down to just above where it started at $9,519 on July 28.The recent drop in price follows news that Bakkt - the much-anticipated Bitcoin futures platform - will let clients start depositing assets in its custodial offering Bakkt Warehouse on Sept. 6.
Earlier this month, Bakkt announced that trading in its physically-delivered Bitcoin futures contracts would begin on Sept. 23.Chicago Mercantile Exchange Group's managing director Tim McCourt recently said that Bitcoin futures saw an average daily volume of $515 million in May 2019.
On May 13, Bitcoin traded a record daily volume of 33,677 contracts, equivalent to over 168,000 BTC..
Bitcoin Price Drops Sharply Below $10K, Marking New Weekly Low
gepubliceerd op Aug 28, 2019
by Cointele | gepubliceerd op Coinage
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