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Bitcoin rate: market news analysis, February 8, 2019

As of February 8, Moscow time, the Bitcoin market was estimated at $ 60.5 billion. According to CoinMarketCap, the market capitalization of the largest cryptocurrency increased by $ 1.1 billion in less than 12 hours during the current trading session.

The main increase in capitalization was observed at the opening of European trading, when within one hour the Bitcoin market increased by $ 0.7 billion.

CoinMarketCap statistics
CoinMarketCap statistics

At the time of the market review, the weighted average price of a BTC coin is $ 3455. At the largest stock exchanges, Bitcoin cryptocurrency paired with the US dollar is trading at $ 3,400, retaining the potential to test the resistance of bears at a key level of $ 3,430.

Most analysts agree that the comments of SEC Commissioner Robert J. Jackson on the readiness of the commission to approve the first Bitcoin-ETF could trigger the unexpected reversal of the short-term course of Bitcoin.

In an interview for Congressional Quarterly magazine, a US Securities and Exchange Commission official said that, despite a number of applications rejected earlier, any Bitcoin fund project that meets the standards developed by the commission will be approved.

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