Bakkt Bitcoin futures drab start sinks Bitcoin to $9,600 and attract 72 BTC in monthly contracts in the 24 hours of their trading. Bakkt is likely to see rising volumes as institutional investors eagerness rise over time.
The impact Bakkt futures will have on Bitcoin and the rest of the market will be realized over time. Besides, Bitcoin and most of the major altcoins corrected lower on debut day of the futures product. Bitcoin refreshed $9,600 while Ethereum smashed through the $200 support level. Ripple corrected towards $0.26 support but found balance at $0.2642. XRP has since stepped above $0.27 in a bid to correct the negative momentum.