2. Because they follow BTC, and then there is some fomo.
Fomo is not the reason for the value of
BTCitcoin going down and then rising in a short period of time, you already mentioned that Bakkt recorded a record volume and so does the rest of the future market, so it is evident that the future market is behind these crazy breakouts
China president appreciated blockchain technology, may be that was the cause.
The Chinese president appreciated blockchain technology but it can be used to monitor each and every transactions and they will adopt the blockchain without thinking twice but it has nothing to do with
BTCitcoin and that is the difference, so these volatility has nothing to do with these market events.