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
To put it simply, these are price-stabilized virtual currencies that are increasingly gaining traction in the crypto world: They are much more fixed than normal cryptocurrencies such
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.
BTC, ETH, What’s Next?
We all know that Bitcoin, also known as BTC, has been a trendsetter, triggering the birth of hundreds of cryptocurrencies built on a decentralized peer-to-peer network. Not
We all know that Bitcoin, also known as BTC, has been a trendsetter, triggering the birth of hundreds of cryptocurrencies built on a decentralized peer-to-peer network. Not only that, but Bitcoin has become the cryptocurrency with the most market dominance (about 60% as of September 2019) out of all digital coins, Bitcoin is seen as the king of cryptocurrency.