Re: Is this why Bitcoin is crashing?

Quote from: funchiestz on September 27, 2019, 05:48:38 PM

Quote from: cryptomarketyourself on September 27, 2019, 05:43:46 PM

Well, maybe crashing isn't the right word - but it's definitely dropping in price. Here's a cool overview of what's happening:

https://cryptotradernews.com/crypto-trader-pro/what-triggered-the-mighty-bitcoin-fall/

My key takeaways:

September is typically a bad month

[/b]

Baakkt is not doing very well
Its worth noting the cryptocurrency is still up about 127% on a year-to-date basis

Thoughts?

I don't think it is about September. In September, 2017 Bitcoin was rising speedly.
It may related with BAKKT. But I am not sure BAKKT can affect BTC's price this much.

The reason why bitcoin crashed was not that it experienced speedily surge in price in the year 2017 nor was this month a bad month but the current crash was the market correction that usually happens before bitcoin halving.
Bakkt was not implemented to create surge in the price of the market but security and assurance for investors.[/list]