Bitcoin dropped 2.6% to $ 9.733,7 at 07:20 CET.
The Crypto King had initially risen the day after the official launch of Bakkt's highly anticipated physical Bitcoin contract.
While some thought the launch was a "significant milestone" for the digital coin industry, it did not attract the expected attention and it's trading volume was quite low compared to most of the major crypto exchanges.
The prices of the other cryptocurrencies also had predominantly negative signs today.
Litecoin continued its downward trend, slumping 8.1%. It had fallen more than 10% on Monday, its biggest daily loss since the beginning of July.
Ethereum fell 4.1% to $ 201.25. XRP was 1.6% lower at $ 0.27017.