Earlier on, the value of Bitcoin crashed from on top of $10,000 to a coffee of simply over $7,900. The abrupt drop looks to possess caused associate degree abrupt shift within the sentiment encompassing the business.
With the much-anticipated Bakkt platform’s launch coinciding with the beginning of the downtrend. Several optimistic for the ICE-owned venture’s impact on the market . Though not providing reasons for the sales event. On-chain knowledge suggests that abundant of the drawback pressure was from short Bitcoin holders.
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