The world of money has been operating on the same system for years and years: government-backed currencies being stored in large traditional banks. However, with the invention of
After the lackluster opening week of Bakkt’s physically deliverable BTC futures where we saw a 20% drop in price in one day, the following week saw prices staying “relatively” calm. BTC
We’re up 20%.
We’re up 15%.
Down 10% again.
We’re up 17%.
Despite the unprecedented volatility and all the controversial exchange hacks, the underlying BTC technology has never faltered. Don’t forget, BTC has been around for 10 years already. With BTC’s price action already below the 200 D SMA we could see further depreciation in the near term. The last time we saw the price go under the 200 D SMA was in early February 2018, which more or less heralded a crypto winter.