💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Bitcoin (BTC) Slumps After Bakkt Futures Launch

Published 09/24/2019, 03:28 AM
Updated 09/24/2019, 04:41 AM
Bitcoin (BTC) Slumps After Bakkt Futures Launch
BTC/USD
-

Bitcoin (BTC) once again could not defend the $10,000 level, spending the last day in a long slide. BTC traded at $9,775.70 as of 6:45 UTC on Tuesday. Trading volumes kept to their usual level at above $15 billion’s equivalent in 24 hours, as markets once again face uncertainty.

The BTC fear and greed index moved down a few notches into the “Fear” territory, where it has spent the time in the past weeks. BTC remains more or less directionless, depending on short-term sentiment.

Prominent trader Peter Brandt pointed that BTC may act against the high hopes for another rally to a yearly peak. He sees BTC as currently threatened by its descending triangle:

This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.