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Crypto Market Update

Market Cap: $249 B

BTC Dominance: 68.6%

BTC: $9,545

ETH: $193

XRP: $0.262

News in the cryptocurrency market continues to pop as Bakkt's futures caught the headlines this week. However, launching the platform failed to affect the price as many expected and it seems to have become a "sell the news" event as Bitcoin continues its downward trend.

Following the SEC lawsuit against KIK raising capital through an ICO, the company fired 70 employees from its subsidiary Kin and CEO Ted Levingston announced that the company would close its messaging service.

An important BITWISE reported created for the US SEC analyzed Bitcoin's actual and fake trading volume on different exchanges. According to it, CME's entry into the market played a significant role in the volatility of the price.

After the recovery that altcoins made and their sharp increases last week, this week we saw a correction of many of them with an attempt to create support. Although some altcoins managed to hold at their support, all eyes are on Bitcoin in an attempt to understand its next move.

Full Market Report & Analysis

Exclusive Interview With Tezos Co-Founder
Tezos Co-Founder opines on tokenized securities, the future of crypto, and why he's not a fan of ICOs. Read more .

Bakkt Is Finally Here
The long-awaited launch of Bakkt finally took place. However, the trading volume has so far been insignificant and we have yet to see if it will pick up. Read more.