The official opening of Bakkt Exchange is like a feast in the world of digital currency, attracting the attention of global investors. The price of Bitcoin has been rising all the way and finally broke through the $10,000 mark. At this moment, the digital currency market has once again set off waves. Let us delve into the various reasons behind this and unveil the veil of this new era of digital currency.

The Light of Digital Currency: The New Journey of Bakkt Exchange

The opening of Bakkt Exchange is undoubtedly a good news for the digital currency market. As the world's first digital asset platform supported by ICE (Intercontinental Exchange Group), the launch of Bakkt marks a new era for institutional funds to enter the digital currency market. This news is like a clear stream, bringing new vitality and hope to the digital currency market.

Bitcoin soars: Digital gold reappears its glory

As a representative of digital currency, Bitcoin's price has exceeded $10,000, allowing investors to see the infinite possibilities of digital gold again. This breakthrough is not only a recognition of Bitcoin itself, but also a symbol of the maturity and development of the digital currency market. The surge in Bitcoin has doubled investors' confidence in the future of digital currency.

Institutional funds enter the market: the digital currency market welcomes new opportunities

The opening of Bakkt has attracted a large influx of institutional funds. The participation of these traditional financial institutions has brought new opportunities and challenges to the digital currency market. The entry of institutional funds will inject more liquidity into the digital currency market, and will also promote the standardization and regulation of the digital currency market. The digital currency market is ushering in a profound change.

Global market shocks: the global influence of digital currency

The price of Bitcoin has exceeded $10,000, which has not only caused waves in the digital currency market, but also triggered a series of shocks in the global financial market. The rise and development of digital currency is redefining the global financial landscape and challenging the stability and authority of the traditional financial system. The global influence of digital currency is becoming increasingly prominent, and its status and role are becoming more and more important.

Future Outlook: The Dawn of a New Era of Digital Currency

The official opening of the Bakkt exchange and the price of Bitcoin exceeding $10,000 indicate that the digital currency market has ushered in a new era. Digital currency will gradually mature and standardize, and the influx of institutional funds will bring more opportunities and vitality to the market. The new era of digital currency has arrived. Let us witness the magnificent chapter of this digital currency revolution together.

The opening of Bakkt exchange and the Bitcoin price exceeding $10,000 will undoubtedly set off a new storm in the digital currency market. The future of digital currency is full of infinite possibilities. Let us join hands to welcome the dawn of a new era of digital currency. May the future digital currency world be more dazzling and inject new vitality and hope into the global financial system.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

According to BitPush data, the price of Bitcoin, the cryptocurrency with the highest market value, rose rapidly on Monday night, breaking through $10,200 as of press time.

Bitcoin has been consolidating at low levels since it fell below $10,000 last Thursday, and both technical indicators and market sentiment are not optimistic. However, cryptocurrency investor and Galaxy
Digital CEO and founder Michael Novogratz said that Bitcoin in the consolidation phase will drive the next bull market after institutional investors enter the market.

For this round of rise on Monday, crypto media such as Cointelegraph and zycrypto all believe that Bakkt, the long-awaited Bitcoin futures trading platform in the crypto industry, is one of the driving forces. The platform recently announced that its custody service will accept deposits of Bitcoin on September 6, and its futures platform will start trading on September 23.

zycrypto believes that Bakkt's Bitcoin futures are beneficial to the crypto market for three main reasons:

First, Bakkt's Bitcoin futures will be settled in physical form. Current Bitcoin futures contracts are settled in cash when the futures expire, such as the Chicago Mercantile Exchange (CME), and these cash-settled futures have little impact on the Bitcoin market.
Bakkt will be the first company to offer physically settled Bitcoin futures. In simple terms, traders will receive actual Bitcoin instead of a cash equivalent when the contract expires.

There are good reasons to believe that Bakkt futures will catalyze a bull run, as Bakkt will be required to hold Bitcoin in order to facilitate physical settlement. This will mean that there will be less Bitcoin floating around in the market, which could be a real opportunity for Bitcoin’s price. Moreover, the physical holding of Bitcoin will promote widespread adoption of Bitcoin.

Secondly, Bakkt will provide traders with a regulated platform.
Bakkt is approved by the New York Department of Financial Services (NYDFS) as well as the Commodity Futures Trading Commission (CFTC) of the United States. This means that all Bitcoin futures trading on the platform is protected by law. Moreover, Bakkt, which stores Bitcoin, is a third-party qualified custodian. This provides more trust to investors, as in the past, it has often fallen victim to hacks that resulted in huge losses.

Finally, although Bakkt is a young company that was launched in 2018, the chances of its Bitcoin futures being successful are very high, as it is operated by the Intercontinental Exchange (ICE), which manages the New York Stock Exchange (NYSE). The New York Stock Exchange is now the world's largest stock exchange, with a stock market value of more than $22 trillion. In addition, ICE is also supported by major companies such as Microsoft and Starbucks, which will provide more assurance for investors to buy Bakkt's new products.

Scott Melker, a crypto analyst and trader, said earlier in August that Bakkt's Bitcoin futures will attract institutional investors, which will drive up the long-term price of Bitcoin.