Bitcoin trading & custody platform for institutional investors Bakkt is expecting a record trading volume for bitcoin amid massive bitcoin fall.
According to an official Twitter post, the Bakkt platform forecasts to see 1139 bitcoins (EXANTE: Bitcoin) in trading till the end of the day.
∙ Today's volume so far: 296 BTC
— Bakkt Volume Bot (@BakktBot) October 23, 2019
∙ Last traded price: $7,772.50
∙ Trading day progress: 26%
∙ Today's forecast: 1139 BTC
In the meantime, bitcoin sees the massive fall for the last five months right down to the mark of $7,529 (-8,57%).
Previously Intercontinental Exchange, the operator of the New York Stock Exchange and the company behind derivatives platform Bakkt, said it intends to launch an additional derivative product tied to the bitcoin market.
Earlier Christopher Giancarlo, former chairman of the US Commodity Futures Trading Commission, said the Trump administration was partly responsible for the collapse of the crypto market back in 2017.
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