19 Dec Soars above $7,000 as Bakkt BTC volume hits new ATH – Confluence Detector
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- Bitcoin jumps above $7,000 and extended the bullish leg close to $7,500.
- Bakkt Bitcoin futures volume hit an all-time high of 6,312 BTC up from November’s 5147 BTC.
Bitcoin reacted incredibly well following a couple of weeks characterized by constant bearish battering. The recent low in October came to the rescue of the bulls who amassed the strength to push Bitcoin above $6,800 and $7,000 resistance zones. The breakout gained momentum with Bitcoin testing $7,500 to the upside.
Bakkt Bitcoin daily volume hits a new all-time high
Amid the soaring Bitcoin price, the new Bitcoin futures contract platform, Bakkt recorded an impressive volume. The platform has continued to gain interest in the market following a poor start in September that saw it record a 71 BTC daily trading volume. According to Bakkt Volume Bot, the platform spiked to an all-time high of 6,312 BTC ($45.56 million). The previous all-time high was in November at 5147 BTC ($38.74 million).
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