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 purchase of Bitcoin takes place on the Bakkt platform and the sale on exchanges that greatly lowered the price. I began to realize that Bakkt was useless and even hurt Bitcoin, right?[/list]