The price of Bitcoin (BTC) dropped dramatically from $ 600 to 18:00 UTC on August 28th.
In one hour, the price of Bitcoin has risen from $ 10,269 to $ 9,630, but is currently recovering. At press time, it was around $ 9,721.
Of course Bitcoin. Source: Coin360
The current level of Bitcoin is also the low level of the week for cryptocurrency. By August 20, she had reached her highest level of the week at $ 10,791. Over the month, it is just above the July 28 level. At that time, he was still at 9,519 US dollars.
The recent price drop came as a result of news that Bakkt. The highly anticipated Bitcoin Futures platform will allow customers to deposit assets into their Bakkt Warehouse depository on September 6th. Earlier this month, Bakkt announced that trading of its physically delivered bitcoin futures would begin on September 23.
Tim McCourt, chief executive of the CME Group of the Chicago Stock Exchange, recently announced that the average daily volume of bitcoin futures reached $ 515 million in May 2019. On May 13, Bitcoin's 33,677 contracts had a volume of daily exceeding 168,000 BTC.