.Current currencies send conflicting signals in early February following the stagnation of the market in January. Although the fourth quarter of 2023 was dramatically bullish. However, the trend has changed with a little interest in agreeing to the Spot BTC ETF boxes in the United States. Alternative currencies that showed great potential in December. Including the price of XRP has reduced some gains to the levels that were last seen in October and November.1. Can the XRP price rise as the Halfing Bitcoin event is approaching? As the investment funds circulated from the road, investors look forward to the next market. What in this case is the Halfing Bitcoin event. Although this event has a direct effect on bitcoin. However, it tends to launch a large -scale ascending market.. The Bitcoin Halfing event, which occurs almost every four years. To reduce the mass bonus by 50 %, which directly affects the dynamics of display. In theory. This programmed scarcity leads to high prices due to the principles of classic supply and demand.However, the effect on the price is not always immediate or written. Historically, price rises occurred months after the Halfing. Perhaps because of the anticipation and market courses.The former Halfing occurred in May 2020 when Bitcoin was traded at about $ 8,778. Subsequent increases in bitcoin caused a peak of about $ 69,000 after approximately 18 months after the event.. In addition, the effect of the Halfing extends beyond bitcoin. It often leads to bullish morale across the broader encrypted currency market, where investors are looking for high -growth alternative assets.However, returning price movements to the Halfing only is difficult due to the complex interaction between the market forces. Organizational changes, and the broader economic factors.While Halfing represents a long -term bullish bullish state of bitcoin and cryptocurrencies in general. Beginner and experienced traders must carefully consider these nuances and make a comprehensive technical and basic analysis before making investment decisions.. 2. The Ripple currency (XRP) fell to its lowest levels, the price of XRP returned to the levels that were last seen in November and October. This means that he tests the same support before the fourth quarter of $ 0.485 to $ 0.75. And as long as the bears respect the area of the congestion of buyers. The next step can reinforce the XRP, targeting the main landmarks at $ 0.6, $ 0.8 and $ 1.. Although the RSI index (RSI) is neutral at the time of writing this report. However, it approaches the peak of the sale, which means that the reflection of the direction is not far away.In this case, traders must search for successful bounces of the main support range between $ 0.54 and $ 0.48. Likewise, the average cost of dollars within this range would give investors the opportunity to not miss the next step.Above one dollar, the rise in the price of XRP can be equivalent and mainly moves it. (NYSE: GPS) were absent most of the currency holders from the previous height, as trading platforms and other main entities removed the inkin due to allegations of being a securities.. However, with the XRP acquittal by the court in July. It is unlikely that there is another time guarantee to obstruct the toxin from reaching the highest new level ever.Grzegorz Drozdz, market analyst at Conotoxia said. In a statement regarding the performance of the XRP price: "The partial solution to the conflict with the US Securities and Stock Exchange (SEC) can stimulate the growth of XRP in the near future.""The height in the world of encrypted currencies may be a blessing for XRP," Drozdz added. If other cryptocurrencies rise, XRP can ride the wave.. It is not possible to exclude more decline without support for the range because the price of XRP was not out of the danger. Moreover, stability is under the three emerging market indicators. The SIA moving average indicates for 20 days (EMA), and the SIA moving average for 50 days. The SIA moving average for 200 days indicates that the possibilities may still be in the interest of speculators and lead to a greater collapse of the basic support range between $ 0.38 and $ 0.4.$XRP #Followforemore

.Bitcoin rose above $46,000 at a one-month high, supported by signs of steady inflows into the token as well as growing interest in the so-called halving event due in April. . The largest digital asset rose about 4% to $46,450 in the past 24 hours, bringing its 2024 rise to about 10%. Smaller tokens such as Ethereum, Solana, and Cardano also rose. . Nine spot bitcoin exchange-traded funds debuted on January 11, while the more than decade-old Grayscale Bitcoin Trust was converted into an ETF on the same day. These funds expanded the investor base in the famous digital currency. The new funds have attracted a net $8 billion so far, while the $6 billion outflow from the Grayscale fund since its conversion is now running out of steam. . “Bitcoin appears poised to resume its bull run now that outflows have finally tapered off,” said Caroline Morrone, co-founder of digital asset derivatives liquidity provider Orbit Markets. She added that the “halving event” will gain momentum, and the price of Bitcoin will likely exceed $50,000 in the next few weeks. . Halving is the systematic, algorithmic reduction in Bitcoin's block reward, meaning that the rewards miners receive for validating blocks are reduced by 50% every 210,000 blocks using specialized, energy-intensive computers. . The next halving, scheduled for April 2024, will reduce miners’ profits to 3,125 bitcoins per block (about $94,000), compared to the current 6.25 bitcoins, or approximately $189,000. . A team led by chief economist Timur Beg of DBS Bank Ltd wrote in a note that previous halving events were followed by a “strong rally.” “As the mining reward decreases, the price of mining production (i.e. Bitcoin) should rise to compensate and not cause a drain on computational resources by miners,” the team added. . Bitcoin remains about $23,000 below the record high the cryptocurrency hit in 2021, during a pandemic-era bull run fueled by easy money. $BTC #Followforemore

Celsius Network persistently increased Ethereum deposits on Coinbase Prime, maintaining consistent gas usage on the Ethereum network, while witnessing a decrease in NFT trades..Ethereum's recent price surge has injected optimism into the trading community, but the actions of the now-defunct crypto lender, Celsius, seem to be throwing a wrench into Ethereum's upward momentum..Despite the positive sentiment, Spot On Chain's data reveals that Celsius deposited an additional 67,500 ETH into Coinbase Prime in the last two days, totaling around $156.5 million. This move is part of Celsius' ongoing restructuring strategy, involving a cumulative transfer of 847,626 ETH (equivalent to approximately $1.9 billion) to centralized exchanges since November 13, 2023The repercussions of Celsius' continuous sell-offs are evident in Ethereum's recent performance. Over the last 24 hours, ETH witnessed a 2.4% decline, showcasing a notable correlation between Celsius' transactions and short-term fluctuations in Ethereum's market value..The consistent liquidation of ETH holdings by Celsius raises concerns for Ethereum on multiple fronts. Firstly, the substantial sell-offs may contribute to increased selling pressure, causing short-term downward price movements. This influx of supply can disrupt the delicate balance between demand and supply, potentially resulting in heightened price volatility and fluctuations..Furthermore, the ongoing actions of Celsius might deter potential investors, prompting them to avoid holding ETH due to uncertainties associated with Celsius' behavior. This waning interest in ETH is underscored by the diminishing network growth observed in Ethereum..The decline in network growth implies a decrease in the frequency of ETH trading by new addresses, reflecting a possible reluctance or caution among investors..Turning to the state of NFTs, while Ethereum's overall network activity remained steady with consistent gas usage, the number of NFT trades experienced a notable downturn. This reduction in NFT transactions could signify a shift in user preferences or alterations in market dynamics within the Ethereum-based NFT space.$ETH #Followforemore

.Investors follow the interests of the Solana-Sol currency rates after they became the fifth most traded cryptocurrency, which sparked discussions about the currency's ability to compete with Ethereum-eth.Although the Sol price decreased by 2.50% during the past day, to stand at $ 96.50, its huge trading volume of $ 1.3 billion reinforces currency growth capabilities. This digital asset also expresses a strong momentum, given its large market value of $ 42.07 billion and its circulating offers of 436 million Sol coins..The increased currency activity and the growth of investor interest in it indicates that Solana is going through a transformation point in relation to its position in the market, which encourages investors to expect the course of its price and compare it to the leading digital currencies..Solana price expectations...When analyzing the SOL graph in a 4 -hour time frame, it is clear to us that the level of $ 97.69 is extremely important because it represents a precise focus of future price movements..The coming resistance levels are placed at $ 100.03, $ 102.56 and $ 105.47 to represent possible obstacles that may hinder the rising price direction.On the other hand, the upcoming support levels continue at $ 94.91, $ 92.96 and $ 90.66, respectively, to provide support points supporting to meet the potential price declines, and technical analysis indicators reflect the presence of conflicting morale, as the RSI indicates at 42 to 42 to 42 to 42 to 42 to 42 to 42 The presence of a slightly low momentum, indicating that there is no strong purchase pressure..A graphic scheme for the price of a USD/Sol currency pair in a 4-hour time frame-Source: TradingView and the average average SIA stands for 50 days (EMA-50) at $ 98.40, confirming the current descending trend due to the price standing at the lowest level...Finally, the Solana Production Plan indicates the penetration of the Sol price of the symmetrical triangle style below the level of $ 97.69, which is likely to continue the downward trend, and this possibility is reinforced with the formation of an inferior, extremely important axiom, which strengthens the improper expectations about the Sol currency price. It is reported that the descending trend of Solana's price will continue if it remains below the level of $ 97.69..$SOL $ETH #Followforemore

.The notable rise in the price of Bitcoin to above $50,000 for the first time in over two years has created a buzz across both the crypto market and traditional financial sectors. Meanwhile, gains in Bitcoin price have also led to a rally in several other altcoins. However, amid this rapid rise. The question on everyone's mind: Will this crypto rally continue or will we witness a major collapse? . While the indicators flash between bullish and warning signals. Investors are on edge, watching every move. So, let's explore the data and expert opinions to decipher Bitcoin's potential next step. . Will the cryptocurrency rally continue? Amidst the hype surrounding the recent rise in the price of Bitcoin. Technical indicators paint a picture of optimism. Bitcoin futures open interest (OI) has seen a significant rise. Which reflects the increasing interest and activity in the market. According to CoinGlass data, OI rose 7.58% to $23.48 billion or 468.20 thousand BTC. Trading platforms like CME and Binance have seen significant rises. Additionally, Coinbase (NASDAQ:COIN) Premium Gap rose to 24.54 on February 12th. This indicates strong demand and attractive prices for Bitcoin. . Meanwhile, investors are also closely monitoring indicators such as the Fear and Greed Index and the Relative Strength Index (RSI) for further signals about the possible upcoming movement of the Bitcoin price. Meanwhile, Bitcoin's Fear and Greed Index indicates extreme greed among investors. It is hovering near the 80 mark, while the overall cryptocurrency market reached 72. . However, as Bitcoin price rises, caution is on the horizon as the RSI reaches 78. Which indicates an overbought condition. Therefore, market sentiment remains vulnerable to fluctuations. With profit taking, fear, uncertainty and doubt remaining in the shadows. Analysts are urging investors to be cautious amid this madness. Emphasizing the need for a balanced approach to decision-making in the unpredictable field of cryptocurrencies. . Expert Insights and Market Dynamics Leading crypto market analysts suggest that Bitcoin's current trajectory indicates further upward momentum. According to Ali Martinez, a prominent analyst... Bitcoin holders typically undergo a cycle of emotions during bullish periods, recently moving from anxiety to belief. . Notably, this sentiment is in line with Stockmoney Lizards’ comment that “$50k is not the end.” However, il Capo Of Crypto predicts a possible rejection at the $50,000 level for Bitcoin. As altcoins continue to rise. These insights point to a dynamic market landscape, with Bitcoin poised for continued growth amid volatile sentiment and evolving trends. . Meanwhile, many other market experts are predicting further rise in Bitcoin anticipating the impact of the upcoming Bitcoin halving event. Looking at historical data. The previous Bitcoin halving led to a significant rise in the price. . In addition, market participants are preparing as the US anticipates the release of important economic data. The US Consumer Price Index (CPI), followed by the Producer Price Index (PPI) will be revealed on Friday. . It is worth noting that these indicators serve as vital indicators of inflationary trends in the country. Despite expectations of multiple interest rate cuts by the US Federal Reserve. High inflation numbers may dampen market sentiment. Keeping in mind that such data could lead to significant sell-offs across global financial sectors, including the cryptocurrency market. While Bitcoin continues its amazing rise. The stage is set for a confrontation between bullish optimism and cautious skepticism. While technical indicators and expert opinions offer differing narratives. The cryptocurrency market remains a volatile arena, vulnerable to sudden shifts and external influences. $BTC $ETH $BNB #Followforemore