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Bakkt's Bitcoin Futures Volume Hits Yet Another All-Time High as BTC Price Blasts Past $7,500

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    Bakkt sets a new daily volume record with 3,151 BTC traded in less than one day

Bakkt's Bitcoin Futures Volume Hits Yet Another All-Time High as BTC Price Blasts Past $7,500
Cover image via u.today

Bakkt is not getting tired of breaking records. 

The daily trading volume of the crypto-oriented futures exchange has reached its highest level to date. According to Twitter account @BakktBot, Bakkt managed has so far managed to trade 3,151 BTC, but the day is not over yet. The fact that only 1,863 BTC was enough to set a new record five days ago proves that  the venture continues to grow at breakneck.     

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This coincided with the Bitcoin price surging past the $7,500 mark. As reported by U.Today, Mike Novogratz deemed this to be a critical level for the top coin to break in order not to put bears in charge again. 

At press time, BTC is changing hands at $7,547, CoinStats data shows.   

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls

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    The Bitcoin price could soon touch $7,800 if bulls persist, but this move could be a short-lived one

Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls
Cover image via u.today

Popular crypto trader Wendy O recently predicted that the price of Bitcoin would "rocket up" if it managed to surge above the $7,400 level. 

Bitcoin Price
image by @CryptoWendyO

Shortly after that, the BTC price did rise above the aforementioned level, currently sitting at $7,444, according to CoinStats data

Bitcoin Price
image by coinstats.app

If the aforementioned forecast turns out to be accurate, Bitcoin traders could soon see another fakeout, which would be similar to the one that took place on Dec. 4. As reported by U.Today, BTC printed a massive green candle in less than a minute, but this unexpected pump quickly evaporated.     

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Earlier today, multiple traders predicted that Bitcoin was about to make a big move in either direction, but $7,800 seems to be the main area of interest for them. The leading cryptocurrency hasn't touch this level since Nov. 30. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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