Bitcoin wasn't able to recover  and is still within range in the daily. Price is in the red as of this  time and is looking to break around $9,100 as selling pressure continues. A closer look in the 4H chart shows that price is about to  break below the 50 MA. With this price action, there's a possibility BTC  could go $9,100 - $9,000 for support. Signs of invalidation of the  selloff is around $9,500. Lastly, it is worth noting that $9,600 -  $9,800 level is also an interesting level as it is a key resistance in  the weekly chart.

Global market cap is at $258B, while BTC's market cap is at $168B.

The U.S. Marshals Service will auction $37.4 million worth of Bitcoin on Feb. 18— Cointelegraph (@Cointelegraph) February 3, 2020

The US Marshals Service (USMS) will auction off approximately 4,040 bitcoin to registered bidders on Feb. 18.  The bitcoin will be sold in four lots, with 2,500, 1,000, 500, and  40.54069820 bitcoin each, with the first three lots being split up into  blocks, each with a set number of BTC. Potential bidders must register  the week before and must deposit at least $200,000 before being able to  bid - participants who do not win their bids will receive their funds  back.

The bitcoin to be auctioned off comes from more than 50  administrative forfeitures and legal cases, according to the Marshal's  website. If they had not sold the Bitcoins they have confiscated since  2013 instead of selling them immediately, they would actually be sitting  on over $500,000,000 today.

The Monetary Authority of Singapore (MAS) has cleared iSTOX for full operations. According the ICHX Rech, iSTOX is going to be the first securities  token platform licensed as a capital markets provider. The platform will  provide institutional investors with issuance, custody, and trading  services for digitized securities.

BitPay will be adding support for more cryptocurrencies soon, along with a possible Lightning Network Integration, as revealed by  their CEO Stephen Pair. While Pair did not disclose which cryptos are  going to be added next, he mentioned that "you can look at CoinMarketCap  to see all the top blockchains and come up with good guesses in what we  are interested in." He further added "We are looking at  cryptocurrencies that have adoption, and work well for payments."

BitPay  accepts Bitcoin (BTC), Bitcoin cash (BCH), Ethereum (ETH), and most recently Ripple (XRP), and also supports 3 stablecoins - USD Coin  (USDC), Gemini Dollar (GUSD), and Paxos Standard Token (PAX).

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

Share this post