From January 20 to the price of the largest cryptocurrencies konsolidiruyutsya in a narrow price range of $3620-3550. As of 16:00 GMT on 24 January, the bitcoin market was estimated at $63,0 billion with the weighted average price per coin BTC – $3600.
According to CoinMarketCap for four days, the value of the amounts of capitalization of the Bitcoin market is also held within a narrow range, from $62.0 billion to 63.3 billion, indicating a lack of new investment in the market.
With surprising restraint, the market reacted to the news of the withdrawal of the application for registration CBOE bitcoin ETF. Experts estimate a neutral market reaction to negative news, as a signal that the bears are exhausted and in the near future possible bullish breakout above the psychological price level of $4,000.