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Bakkt is finally live! After more than a year of development, but more importantly after several times postponing the launch, it’s now there.
But, it has way less volume than people expected it to have when being launched. It currently sits at a volume of $300,000 in the first day. That’s the same amount as a very small exchange and will not impact the price at all.
What I think is that we should look at the longer timeframes and not to the first day. More explained in the video.
Second topic is the Bitcoin price and altcoin/bitcoin pairs. Bitcoin looks ripe for a move, which I still think will be down. Altcoins look like they are ready for a second round of pumping. Big alts such as ETH, LTC and LINK (and way more) all broke through their first resistance, flipped the resistance into support and retested support. Now they look ready to go again.
#Bakkt #Bitcoin #cryptocurrencies
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