Bitcoin dropped around 15% against the U.S. dollar in late trading on Tuesday, hitting a 3-1/2-month low, with some analysts ascribing the weakness to investors’ lukewarm reception to the launch of Bakkt’s bitcoin futures on Monday. Bakkt, a cryptocurrency platform affiliated with the Intercontinental Exchange Inc, listed the new Bakkt Bitcoin futures contracts on Monday. Bitcoin has been on a downtrend in recent weeks.

source https://finance.yahoo.com/news/1-bitcoin-drops-more-3-204950611.html?.tsrc=rss