September 28, 2019 Cryptoasset markets see largest weekly decline of 2019, with BTC slipping below $8k.

Analysts cite a variety of potential explanatory factors, including minimal futures volume on Bakkt following a long-awaited launch and BitMEX liquidations due to funding structure. There was also concern over an estimated drop in Bitcoin’s hash rate, though this metric cannot be directly measured and was within historical ranges.