Bitcoin struggled on Wednesday to recover from the three-month lows it reached a day earlier, moves that traders blamed on a lukewarm reception for a futures product from the owner of the New York Stock Exchange.
Bitcoin, the biggest cryptocurrency by market capitalization, fell 2 percent to $8,364 in early trading. It plunged as much as 15 percent on Tuesday, briefly breaching $8,000, in its biggest one-day drop since July 16, before recovering some of its losses.
The Intercontinental Exchange, the NYSE owner, listed its Bakkt bitcoin futures on Monday, which many crypto enthusiasts expected would lead to an influx of money from larger investors.
News source : The daily star
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