



Yesterday Bitcoin fell down to $4,510 reaching it's lowest point this month. However, today Bitcoin recovered a fraction of it's price, currently selling for $5.417.

Why did Bitcoin's price dropped in the first place? Let's recap some recent events that might have affected Bitcoins price negatively.

Some people speculate that Bitcoin's price drop is in a result of the launch of Bakkt's cash-settled Bitcoin futures:

“Bitcoin's recent price drop is a result of technical and fundamental factors, including a breakdown of the consolidation range, Bakkt's tame launch of futures, and a sudden network hash rate drop.” wrote Joe DiPasquale, CEO of Bitbull Capital.

Other are certain that the reason is the Trump European Travel Ban.

#bitcoin #price #usd #news #relevant #bakkt