- Bakkt Hits New ATH, Trades Bitcoin Worth $15.5 MM
- Bitcoin [BTC] Slumps to $8700; $57 Million Longs Liquidated on BitMEX
- Crypto Exchange Tokenising NASDAQ Stocks Closing Down
- Bitcoin Whale Single-Handedly Caused The 2017 Crypto Bull Run
- China Removes Bitcoin Mining From Its BanList
- Stellar Lumens Burns Billions Worth of Crypto
Bakkt Trades Worth $15.5 Million In A Single Day
While Bitcoin price struggles to reach the $9,000 mark, Bakkt Bitcoin Futures have hit a new all-time high (ATH). Owing to institutions taking long positions on Bitcoin via other regulated contracts. Speculations are rife that Bitcoin will further drop to the $8000 range. Interestingly, the price drop has brought in some positive developments for the Bakkt platform. As per a recent tweet by Bakkt Volume Bot, leading derivatives market data provider reported that Bakkt saw 1,741 BTC worth contracts being traded on Friday. This converts to $15.5 million and has been Bakkt’s largest trading day in a span of 2.5 months.
Bitcoin Dips Below $9,000, $57 Million Longs Liquidated on BitMEX
Stocks took a hit last Friday as trade tensions owing to the US-China trade deal continue to prevail. While the Dow Jones Industrial Average(DJIA) fell by 1% reaching 26,666 points, S&P Futures fell down to 3,085 points. Interestingly, stock prices have always indirectly affected the Bitcoin price. However, this time the case looks a bit different. First, BTC price came down to $9,200 mark and then went on to slide past the $9000 level and is presently trading at $8,802.Subsequently, 1.7 MM shorts and 57 Million longs have been liquidated on BitMEX platform, as per data provided by datamish.com
Crypto Exchange NASDAQ Stocks Shuts Down Business
DX Exchange recently announced that it is temporarily closing down.