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.
The recovery of bitcoin depends on the next news of bitcoin. Remember this the result of BAKKT has already made so many people feel disappointed but that's their fault to put a lot of expectation for BAKKT while we know even SEC never try to take bitcoin ETF .
Bitcoin will be recovering again when these speculators already woke up from their sleep due to the BAKKT.
A few altcoins can survive against the bear trend caused by BAKKT.