Post
Topic
Board Economics
Re: $175 billion just printed and the Bitcoin price goes down!
by
Vishnu.Reang
on 28/10/2019, 11:34:22 UTC
right now BAAKT shows their volume is increasing, this is good for bitcoin, but not good for altcoin,
I only have a little bitcoin, and a lot of altcoin, if bitcoin still shows signs of bullish then altcoin will go down again and again

I checked the Bakkt volumes and even now they are far lower than what was expected. There was a lot of hype surrounding Bakkt before its launch and the cold reception it got in the market definitely had a lot of impact on the Bitcoin prices. That said, I am not bothering much about it now. So far this week, we have seen the prices increasing from $7,400 to $9,600, which showed that there are plenty of other triggers which can have a positive impact on the exchange rates.