Post
Topic
Board Speculation (Altcoins)
Re: 24.09.2019 - another black day in crypto? (Red Market) reason?
by
genset88
on 29/09/2019, 05:08:14 UTC


wtf? market is red :/ everithyng is red.

have any idea, what is reason?
or its just (only) Pump - Dump game?

Bakkt exchange trading volume is less than 20 BTC. This event was such a hope for crypto, and everybody were praying that it would be successful, but 20 BTC is just a disaster. Nobody knows if crypto is able to recover from such a punch.
The overall drop across the market could be triggered by Bakkt's disappointing launch, the trading platform introduced to the cryptocurrency world a year ago by (ICE). Very few altcoins can survive the storm. Heavy market losses caused bears to enter again. That's not too strange because BTC is already a large part of the market, making it impossible for altcoins to develop unless a new trend returns. We have to expect the recovery of BTC, and I believe that it will not be far.