Bitcoin price has started the day falling. At press time, the largest cryptocurrency by market cap is trading at $7,358.89 (-1.71%).
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has fallen to $147.36 (-1.4%), while XRP has dropped by 1.75% and is now trading at $0.223.
According to CoinMarketCap’s ranking, 9 currencies on the top 10 are in red.
Crypto derivatives platform Bakkt has just launched cash-settled futures trading as well as bitcoin options. Both products are based on the supply of bitcoin futures that Bakkt launched back in September. The platform plans to develop new products in the future.
BTC hash power and price dynamics have led investors to make quite pessimistic comparisons to last year’s situation, when bitcoin dropped to $3,000. This time everything seems to be developing in a similar way, however, we must not forget the market tends to behave in a totally opposite way to what is expected.
The BTC dominance index stands at 66.8%.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $199,298,641,502.
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