The past three days have been an absolute whirlwind for Bitcoin, with the price of the leading cryptocurrency whipping between $7,150, $6,400, and everywhere in between, seemingly without rhyme or reason.
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This latest bout of volatility hasn’t gone unnoticed. Institutions trading cryptocurrencies have picked up on this, with reports indicating that Bakkt’s BTC volumes have hit an all-time high amid the latest move.
Bakkt’s Bitcoin Futures Gain Traction
According to Bakkt Volume Bot, a Twitter bot tracking the market activity of Bakkt’s Bitcoin derivatives market, the volume the exchange has seen during Wednesday’s trading session so far has surmounted 5,690 BTC — a sum valued at $39.8 million as of the time of writing this article. Read More...