Bitcoin has tried to test resistance levels at $9,500 but has been  rejected several times, with price now at around $9,300. A break above  $9,500-$10,000 should confirm a long awaited trend reversal. A look at  shorter time frames show that $9,190 is a solid support level, while  10-day MA and EMA trail at around $8,850-$9,000. While most signs are  bullish, there is a decent change for a pullback for a brief  consolidation before continuing this run. A drop below $9,000-$8,700  would invalidate the whole run.

Global market cap is at $259B, while BTC's market cap is at $171B.

MicroBT, Bitmain, and Canaan, leading manufacturers of crypto mining hardware, notified their customers that their shipments will be delayed at least a week due to the outbreak of the coronavirus in China,  and the subsequent quarantine efforts. The Chinese New Year holiday was  extended to Feb. 9, delaying production, delivery, after-sales service  and other operations by a week.

Bittrex records the highest coverage for digital assets insuring up to $300 million worth held in its cold storage.  The company said in an announcement that the insurance will protect  users' holdings against "external theft and internal collusion." The  insurance was underwritten by Arch Syndicate 2012, which provides  specialized insurance for corporations.

Nomura Research is looking to launch a benchmark index. The  benchmark index is intended to pull together information about the  Japanese crypto market, including data on crypto-yen pairs and closing  values, all in local time. The "NRI/IU Crypto-Asset Index Family" will  include support for bitcoin, ether, litecoin, bitcoin cash, and XRP. It  will be calculated using the MVIS index platform, with data from  CryptoCompare.

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