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Bitcoin rate: analysis of market news, January 26, 2019

As of 16:00 Moscow time, on January 26, the Bitcoin market was estimated at $ 63.4 billion. According to CoinMarketCap, over the past 24 hours, the market for the largest cryptocurrency has strengthened by $ 1.2 billion.

At the time of the market review, the weighted average price per BTC coin is $ 3,620.

CoinMarketCap statistics
CoinMarketCap statistics

At the largest crypto sites, during the current session, Bitcoin to the US dollar is being traded with a slight increase in volatility in the range of $ 3,550-3,660. Average daily trading volumes for Bitcoin are steadily held above the $ 5.0 billion mark.

Despite the short-term growth of Bitcoin, the cryptocurrency market remains in the consolidation phase, and only after the price breaks through the boundaries of the two-week range of $ 3,800-3,400, will it be possible to state the beginning of the development of a bearish or bullish trend in the medium term.

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