Bakkt’s has gone live as scheduled on 23rd September but with a mild start, the clients’ bitcoins are now stored in the Bakkt warehouse which is functioned by Bakkt Trust Company Llc who assumes to be a qualified custodian, regulated by the NYSDFS (New York State Department of Financial Services).
The Bitcoin (BTC) futures with the settlement arrangement of physical delivery has shown the total trading volume on the platform at the time of articulating is only 17 Bitcoins trading at $10,042.50 levels.
If at all Bakkt functions as intended, they can ensure the safeguarding trading mechanism for the institutional investors, well-organized marketplace to trade Bitcoin. Thereby, the exchange could assist the apprehensions on the credibility that have hindered the pioneer cryptocurrency ‘Bitcoin’ from its prosperity by giving the digital-asset the considerable boost in authenticity.
While the price action of the underlying instrument which is ‘bitcoin’ is trading on a weaker side.
Technically, bears are on table nudging prices below 7 & 21-DMAs upon hanging man formation at $10,271.53 level, while both leading oscillators are bearish bias and the lagging indicators appear to be indecisive.


Gold Slips Below $4050 as Bond Yields Surge to 4.7% on Fed Inflation Concerns – Sell Rallies at $4060 Targeting $3940
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
European Stocks Rally on Chinese Growth and Mining Merger Speculation
Bitcoin Bulls Hold Key EMAs Above $64,000—Is a Rally Toward $70,000 Next?
Ukraine’s drone strikes are having an impact on Russia — but Russian leaders remain committed to war
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 



