Bitcoin was moving sideways for most of the day after managing  to pull off a bounce around 9,100 support, and has since continued to  rise, now up to around 9,450. In the daily, 10 EMA is still acting as a  trail support, with BTC looking break 9,500 with a strong push. Looking  into the 4H chart, price is now above 50 MA, but remains within range  with support around 9,100 and resistance around 9,600. Continuous  momentum towards 10,000 will validate bulls, while another rejection at  9,500 will send the price back into range.

Global market cap is at $266B, while BTC's market cap is at $172B.

Cryptocurrency exchange Gemini has added Tradingview integration  to its features. Users can now execute trades directly through  Tradingview's platform. Aside from this, other features such as  charting, screening tools, watchlists and community trading forum will  also be able to Gemini users once they connect their account to  Tradingview. The exchange has a how-to guide available on its website on  how users can connect their Gemini account to Tradingview.

XRP, the "cryptocurrency" made by Ripple, will underperform again in 2020,  according to Galaxy Digital CEO Mike Novogratz in a recording that was  supposed to be forbidden but leaked anyway. The fund manager is a heavy  investor in Ripple, but seems to believe that the 3rd largest  cryptocurrency in the world will have another bad year in 2020.

Ripple  responded by saying, "These statements make clear that Mike doesn't  understand how Ripple manages its stake in XRP and didn't take time to  read what we make publicly available every quarter," said Madigan. "The  increase of circulating supply from Ripple distributions of XRP is  actually lower than the increase in circulating supply of BTC, BCH, ETH, etc. "

🗞️ NEWS🗞️

BitSpark Forced to Shut up Shop in Hong Kong Amid Coronavirus and Protest Fears

💸 Established start up #BitSpark closes down
😩 A number of factors involved
📈 not a sign of the #crypto space declining— The Daily Chain (@DailyChainNews) February 4, 2020

Hong Kong-based blockchain remittance startup Bitspark has announced its closure, citing  internal restructuring issues. CEO George Harrap emphasized that their closure comes despite seeing a 400% month-over-month growth in its new remittance service Cash Point - rather, due to internal restructuring  not working out after co-founder and then COO Maxine Ryan stepped down.  Their official announcement also added that while the Hong Kong protests  and recent outbreak of coronavirus didn't affect the firm, they  certainly did not help either.

Bitspark, which serviced mainly  the Asia-Pacific including countries like Vietnam, Indonesia, and the  Philippines, will shut down services on March 4, 2020. Users will be  able to withdraw their cryptocurrencies from Feb. 3 to Mar. 4, after  which user accounts will be disabled for a period of 90 days, with users  being able to withdraw their funds via Bitspark customer support.

This Daily Dose is brought to you by SCI News Channel.

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