THELOGICALINDIAN - This year the Boxing Day sales assume to accept started a day aboriginal for anyone acquisitive to get acknowledgment to the cardinal one agenda asset at a discounted amount The Bitcoin amount and those of added cryptos accept been bottomward adamantine back the alarm addled midnight aftermost night and this trend has connected since
At absolutely the moment that Christmas Eve angry into Christmas Day (in the UK at least), the Bitcoin amount was sitting calmly at about $4,080. Its absolute bazaar capitalisation has back afford abutting to $5 billion and the amount of a distinct Bitcoin is $3,816 at the time of writing.
Xmas Bitcoin Price Drop: Is a Bakkt Delay Behind it?
The absolute account of the bazaar selloff this morning is unknown. However, some are apperception that it may be accompanying to the rumour that the barrage of the Intercontinental Exchange’s Bakkt belvedere is accepting adjourned for a additional time:
https://twitter.com/MaxieX9/status/1077550551271911424
Although several cryptocurrency account publications accept already appear on the story, there has been no official chat yet from the Bakkt itself that suggests the barrage will absolutely be delayed. Given that it is Christmas day, however, this is to be expected.
Reports suggest that the Bakkt belvedere does not accept the all-important approval from the US Commodities and Futures Trading Commission yet. Of course, this does not beggarly that Bakkt will not eventually get a blooming ablaze from the regulator but it seems absurd that it will appear in time for the backward January barrage day, that has already been rescheduled already before, in November this year.
Bitcoin Price Continues to Lead the Rest of the Cryptocurrency Market
It is not aloof the Bitcoin amount that is tanking this Christmas Day. As seems to be the norm, the blow of the cryptocurrency bazaar is demography a adenoids dive. The brand of Ether, XRP, Stellar, EOS, and Litecoin accept all suffered double-digit allotment declines.
Leading the top ten in agreement of losses, however, is Bitcoin Cash (formerly accepted as Bitcoin Cash ABC). The cryptocurrency which angled off from the aboriginal Bitcoin alternation in August 2017 and, added recently, split into Bitcoin Cash ABC and Bitcoin Cash Satoshi’s Vision has afford about 20% of its amount over the aftermost 24-hours.
A acceptable account for the accepted BCH affairs burden is that Bitmain, one of the better supporters of Bitcoin Cash, us rumoured to be in the action of absolution go of added than 50% of its workforce.
Blockstream’s Samson Mow Tweeted:
“Bitmain has agilely laid off their absolute Copernicus team. Only 1-week notice. Some had aloof abutting the company. Layoffs aloof in time for Christmas.”
Some accept the absolute cardinal to be far college too:
Our cabal says added like 75% of all bodies will be let go https://t.co/F5lVB04waC
— BTCKING555 (@btcking555) December 25, 2018
The rumours accept emerged beneath than one ages afterwards the mining accouterments behemothic appear that were closing their Israeli dev centre, which, of course, complex a ample cardinal of layoffs.
NewsBTC will accompany you added on this story, as able-bodied as the Bakkt adjournment rumours as they develop.
Related Reading: Bakkt and Intercontinental Exchange CEOs Weigh in About Bakkt
