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Is the Launch of Bakkt to Blame For Bitcoin’s Price Drop?

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Bitcoin’s price tanked almost 15% on Tuesday evening to a low of $8,165 in what was just the second day since the launch of Bakkt.

The Intercontinental Exchange (ICE) launched its long-awaited Bitcoin futures trading platform on Monday, September 23 to considerable fanfare, and the entire world of crypto is even more curious to see just how much an impact it will have on the market. Just two days after the platform’s launch and the immediate effect has seen Bitcoin, and several altcoins, drop significantly. It’s similar to the movement seen directly after the launch of …

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