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Bitcoin Price Unfazed As Bakkt Launches Its Custodian Solution

Stefan by Stefan
09/09/2019
in Bitcoin News
Reading Time: 2 mins read
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The price of the most dominant cryptocurrency is not moving even despite the launch of the Bitcoin custodian solutions in the spot market. As the latest cryptocurrency news show, we see a Bitcoin price unfazed from the market. BTC is continuing to trade inside a negative territory as Bakkt, the digital asset platform backed by the Intercontinental Exchange (ICE) opened its bank-grade Bitcoin storage solution.

In a market with a Bitcoin price unfazed by the news, we can see that the BTC/USD rate is dipping by more than 1.5% in the time of the announcement, indicating that the spot traders did not weigh in the sentiment that was brought by Bakkt.

Moreover, the coming altcoin news show that wealthy investors are standing still in front of the price of Bitcoin and the other altcoins. However, the COO of Bakkt Warehouse, Adam White, was featured on many sites, clarifying his announcement that the company took care of almost every crypto storage issue which kept big investors away from Bitcoin. In a market with a Bitcoin price unfazed by the events, the COO claims:

“Trusted infrastructure, particularly the regulated and secure custody of digital assets, is at the core of everything we do at Bakkt. It is also central to our plans for continued product development and expansion.”

As we can see from White’s statement, the Bakkt Warehouse is a great innovation by the platform. It also serves as an operational portal for Bakkt and its upcoming physically settled Bitcoin futures contracts which are set to launch on September 23.
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Many best cryptocurrency news sites featured White’s description of these futures contracts.

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“When the physically-delivered Bakkt Bitcoin Futures contracts launch on September 23rd, we will create the first fully regulated marketplace specifically designed to meet the needs of institutional firms and their clients,” the COO clarified.

For all that we can see, the investors are not looking for safe haven assets – at least this Monday – which is a reason more why Bitcoin’s rival gold also slipped. Currently, the price of Bitcoin is $10,311 with a 1% decline on the day. The total cryptocurrency market cap remains at $264 billion.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Tags: Adam Whitebakkt adam whitebakkt bitcoin launchbakkt icebakkt platformbitcoin adam whitebitcoin futures tradingbtc futuresbtc newsbtc price today
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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