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.
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.