Do you guys think though that since Bakkt has been having an all time high volume tradings, will the positive sentiments will spill to the alt market right now?
I think that's already happened. Bitcoin jumped quite a bit, tho it dropped back down somewhat, and the altcoins I follow have all gone up and followed what bitcoin was doing. That's about what I expected when btc started to move, but I'm sure not all altcoins have behaved that way.
And I bet you the Bakkt theory as to why the market boomed in the last couple of days is correct, and I've been saying as much since it happened. Traders on Bakkt are probably betting that bitcoin's price is going to be higher whenever the options contracts expire, which drove up the price in anticipation. I can't think of another reasonable explanation for what we saw, nor am I complaining about it. I'll take gains any way I can get them.
That's the positive experienced mate, so let's see who will the market will react again if the future expires again. I just checked the volumes in the last 3 days, its seems back to normal though,
https://twitter.com/BakktBotOf course I'm very optimistic that it can have a positive effect on the alt market too and I do hope that my theory will be somewhat correct so that we can see altcoin gaining some ground because investors are very reluctant to throw their money in the alt coin market because of uncertainty.