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Bitcoin rate: market news analysis, February 9, 2019

As of 16:00 Moscow time, on February 9, the Bitcoin market was estimated at $ 64.3 billion. According to CoinMarketCap, over the past 24 hours, market capitalization volumes of the largest cryptocurrency increased by $ 4.2 billion and reached $ 64.77 billion at the peak of session growth.

At the time of the review, the weighted average price per BTC coin is $ 3,670. On the world stock exchanges, Bitcoin cryptocurrency against the US dollar is now trading with a minimum price volatility in the range of $ 3,600-3,640.

CoinMarketCap statistics
CoinMarketCap statistics

Despite the apparent stabilization of prices in a narrow range, daily trading volumes for Bitcoin are kept at a record high of $ 7.6 billion.

The maximum value of trade turnover was recorded at $ 8.04 billion at the opening of the European period of the current session, and for the first time since December 20, when the medium-term price increase wave reached its limit values at the level of $ 4180.

According to most analysts, the ground for the revival of cryptographic markets was prepared by the news of the SEC’s readiness to approve the very first Bitcoin-ETF, which will meet the criteria developed by the commission. The main trigger of a sharp rise in crypto banking was the news from the Bakkt team about the successful completion of the transaction to acquire part of the assets of the Rosenthal Collins Group.

It is known that the launch of trading at Bakkt will take place in the first quarter of 2019. According to the company's financial report, the cost of deploying a trading platform from the beginning of the year amounted to $ 20 million.


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