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Bitcoin rate: market news analysis, February 2, 2019

As of 4:00 pm Moscow time on February 2, the Bitcoin market was estimated at $ 61.0 billion. The value of market capitalization has been kept in the range of $ 60.0 billion – 61.0 billion from the first day of the current trading week.

According to CoinMarketCap, since January 29, the weighted average price of cryptocurrency increased from $ 3,400 to $ 3,500 against the background of a decrease in average daily trading volumes from $ 6.4 billion to $ 4.9 billion, which confirms the bearish trend in the Bitcoin market.

CoinMarketCap statistics
CoinMarketCap statistics

According to experts, the largest cryptocurrency market will receive support on the bullish news of the outgoing week:

  • The CBOE Options Exchange has resubmitted to the US Securities and Exchange Commission (SEC) an application to register Bitcoin-ETF;
  • financial giant Fidelity Investments plans to launch a costodial service for institutional investors in March of this year;
  • In Wyoming, on January 31, a bill was adopted on the recognition of all forms of cryptocurrency. Under the new bill, cryptoactive assets fall into one of three categories: digital consumer assets, digital securities, or virtual currencies.


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