Crypto Monitor: Bitcoin’s Price Dip Is Not a Reason to Sell

Summary

It’s been a rough week for the crypto markets. Bitcoin dipped below $8,000 for the first time since June. But Adam Sharp and Andy Gordon explain why this is nothing to be alarmed about.

Altcoins have also been struggling lately. Adam describes how their performance is impacted by bitcoin’s… and how their fortunes may change in the future.

And Bakkt finally launched its crypto trading platform earlier this week! We’ve been looking forward to this for months. But it’s had a slow start. Only 71 contracts were traded on the first day.

Fortunately, much like the bitcoin price drop, Adam says this isn’t a big problem. There are other institutional catalysts that are far more important to the crypto market’s long-term outlook.

If you’re interested in a particular topic, we’ve listed the time code on the right so you can skip directly to it in the video.

If you’re interested in a particular topic, we’ve listed the time code on the right so you can skip directly to it in the video.

  • Bitcoin price drops (0:24)
  • Bakkt crypto trading platform has lukewarm launch (4:52)
  • Altcoins still struggling (10:47)

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