Bitcoin price falls below $4300

After a great surge up to $5000 Bitcoin price finally falls drastically 
04 September 2017   1364

The whole cruptocurrency community has been taking its breath watching the bitcoin price surge for the several days. However, just two days after achieving a historic high of over $5,000, the price has fallen below $4,300.

Bitcoin price chart on coindesk.com Bitcoin price chart on coindesk.com

According to the data provided by coindesk.com, Bitcoin started the session at $4,631, until around 07:00 UTC, when a sharp drop was observed taking the cryptocurrency to a low of $4,345 for the session.

At the time of writing, the price is about $4222 and Bitcoin's market capitalization is $69,850,102,721.

Bitcoin charts on coinmarketcap.com Bitcoin charts on coinmarketcap.com

The Bitcoin price fall corresponds to a general drop in the cryptocurrency markets. Thus, the data reveals that most digital assets are down today:

Cryptocurrency list on coinmarketcap.com Cryptocurrency list on coinmarketcap.com

As shown, Ethereum is down 15.61%, Litecoin is down 15.61% and Monero has dropped 12.60%.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   90

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.