.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

.Two prominent cryptocurrency analysts highlighted several points about the trajectory of the second-largest digital currency by market cap, Ethereum, as they predicted that the price will see positive momentum this year. . Amid Ethereum price volatility, there is a potential approval on the horizon for an Ethereum ETF before the middle of this year similar to what happened with Bitcoin last month. . In a recent post on x Vance Spencer, co-founder of cryptocurrency investment firm Framework Ventures, said that layer-two solutions built into the Ethereum platform will make it difficult for other blockchains to compete this year. . DeFi Dad, a well-known cryptocurrency analyst, shared these thoughts with his followers. He reiterated that this is one of the many reasons why he is taking a bullish stance on his upcoming Ethereum price forecast. . Layer 2 solutions mean that they lie on top of another layer, i.e. Layer 1. Where the first layer refers to the main block chain, and the second layer is an additional layer or another entire network on top of the main block chain. . By moving transactions outside the main blockchain, Layer 2 has emerged as a good solution to blockchain scalability and network congestion. Therefore, Ethereum is the main chain that involves a large number of transaction data volumes on a daily basis which, if unresolved, can reach the point of network congestion. Consequently, second-tier Ethereum solutions such as Polygon and Arbitrum emerged. . At the time of this post on 'X', the price of Ethereum was $2,290. DavyDad's forecasts indicate that the price will rise to between $20,000 and $25,000 this cycle, representing an increase of between 800% and 1,000% in the price of Ethereum if it comes true. While the digital currency is trading at the level of $2,485 during these moments of trading today, Monday, a decrease of 1.6% in the last 24 hours. . Standard Chartered expects the US Securities and Exchange Commission to approve an exchange-traded fund investing in Ethereum in May. Moreover, the financial institution believes that the regulator will utilize the entire deadline and will make a decision on May 23. . Bitcoin saw a decline in price, falling by about 10% following the announcement of the approval of a Bitcoin exchange-traded fund. This decline is mainly due to the large number of investors who sold shares of the "Grayscale - GBTC" Fund. . Meanwhile, Jeff Kendrick, research analyst at Standard Chartered Bank, is optimistic that the scenario will be different for Ethereum ETFs. He argues that the Ethereum Trust does not have the same market share of Ethereum as the Bitcoin Trust did with Bitcoin. . In the past few days, Bitcoin has compensated for its losses incurred after the launch of Bitcoin funds in the United States, as the famous digital currency rose by about 12% in the last 7 days, recording $48,000, but it declined by about 0.3% in the last 24 hours. $BTC $ETH #Followforemore

•The price of Bitcoin has risen strongly over the past few weeks, surpassing the $50,000 resistance level. It is clear that interest has risen significantly recently. While this is normal in a bull market environment, a large rally could lead to increased volatility, and perhaps a long series of liquidations could lead to a rapid decline. •Bitcoin price rose towards the $52,000 resistance level during the past hours after rebounding from $40,000 earlier in January. As the market tests the $52,000 level, the Relative Strength Index is showing a clear signal in the overbought zone. •This may indicate a possible consolidation or correction in the coming weeks. However, the $47,500 level could provide support and prevent a deeper decline. Therefore, investors should be careful in the short term and manage their risks accordingly. •The surge in the price of Bitcoin, which has surpassed $52,000, has excited cryptocurrency enthusiasts globally. However, amid the excitement, a warning from a prominent analyst has raised concerns about a possible Bitcoin price correction. •Ali Martinez, a senior cryptocurrency analyst, revealed a cautionary message about Bitcoin's near-term prospects. In the latest update, Martinez highlighted a sell signal for the TD Sequential indicator on Bitcoin's daily chart, indicating a potential correction extending from one to four daily candles. •It is worth noting that Martinez emphasized the index's performance record, noting that all buy and sell signals he issued since December 2023 have been confirmed. At the same time, this warning underscores the importance of closely monitoring market indicators, especially during periods of extreme volatility. •Additionally, the warning comes amid an ongoing rally in the cryptocurrency market, prompting investors to closely monitor Bitcoin price movements in the coming days to gauge the potential impact of the expected correction. •While Martinez's warning indicates a potential correction in the short term, the rise in open interest in Bitcoin futures indicates continued bullish momentum among traders. It is worth noting that this discrepancy underscores the complexity of predicting short-term Bitcoin price movements and the importance of considering multiple indicators. •It is worth noting that during the past hours, CoinGlass data revealed large liquidations in the cryptocurrency market, totaling $161.45 million, with 58,180 traders affected. While the largest liquidation, worth $5.24 million, occurred on the BTCUSDT pair from Binance. Bitcoin's liquidation value currently stands at $1.39 million, indicating potential volatility and risks for cryptocurrency traders. •Therefore, whether Bitcoin faces a correction or maintains its rally, market participants must remain vigilant and responsive to emerging developments in the dynamic world of cryptocurrencies. •Meanwhile, as of writing, Bitcoin has fallen 0.3% in the last 24 hours to $51,939, with Ethereum rising 1.1% to $2,934. $BTC $ETH #Followforemore

.The Montenegro court accepted the request of Do Kwon, co-founder of Terra. To refuse extradition, the case was returned to the court of first instance for retrial and decision making. . Montenegro court accepts Do Kwon's appeal Montenegro's appeals court overturned an earlier decision by the Supreme Court to extradite Do Kwon to South Korea and the United States, according to a February 8 filing. The court annulled the decision and returned the case to the court of first instance for consideration. . The Court of Appeal accepted Do Kwon's appeal for serious violations of the provisions of the Criminal Procedure Decision. The court agreed with Do Kwon’s lawyer that “the wording of the decision is incomprehensible.” The lower court failed to clearly address the extradition requests submitted by South Korea and the United States. The Supreme Court also failed to properly apply the legal provisions of extradition procedures. . The Court of Appeal stated that “in accordance with Article 29 of the International Legal Assistance in Criminal Matters Act. It is not the Minister of Justice, contrary to normal procedure, who makes a decision on extradition.” . Terraform Labs' former CFO Han Chang-jun, former CFO of Terraform Labs, has been extradited to South Korea. To South Korea after serving a prison sentence in Montenegro. He was arrested with Do Kwon in March 2023 at Podgorica Airport while trying to escape the country. . Han Chang Jun faces possible life imprisonment in South Korea over the $60 billion Terra-LUNA crisis that led to the collapse of the cryptocurrency market. . Meanwhile, the case brought by the US Securities and Exchange Commission (SEC) against Terraform Labs and its co-founder Do Kwon has been postponed. A delay in the civil trial will likely allow authorities to extradite Do Kwon from Montenegro. Kuhn's legal representatives indicated his willingness to attend trial in March and agreed to extradite him. $LUNC $LUNA #Followforemore

.The evolving regulatory landscape has thrust decentralized finance (DeFi) into the spotlight, prompting protocols and entities like Polygon to actively seek regulatory clarity. Navigating this complex terrain is crucial for establishing a robust foundation in the rapidly changing DeFi sector..Polygon, through a collaborative effort between Chief Legal Officer (CLO) Rebecca Rettig and Michael Mosier from Arktouros, introduces a groundbreaking proposal in their recent research paper. The paper delves into the classification of "genuinely decentralized" DeFi protocols as critical infrastructure, addressing the unique risks associated with illicit finance in the decentralized financial sector..To combat these risks, the proposed framework establishes three pivotal components. Firstly, it defines "independent control" to distinguish authentic DeFi protocols from those with centralized intermediaries falsely claiming the "DeFi" label. This differentiation is crucial in maintaining the integrity of the sector..The second component involves classifying these identified DeFi protocols as "critical infrastructure," subjecting them to oversight and security coordination by the Office of Cybersecurity and Critical Infrastructure Protection (OCCIP), a branch of the US Treasury Department. Despite lacking regulatory authority over financial institutions, OCCIP's purported expertise in managing critical infrastructure is deemed valuable for ensuring the secure operation of DeFi systems, as emphasized by Rebecca Rettig, Polygon's representative..Polygon Proposes New Status For DeFi Protocols..The paper concludes by recommending the implementation of new laws mandating "critical communications transmitters" (CCTs) to adopt enhanced illicit finance risk management practices. These businesses, responsible for transmitting communications related to DeFi transactions, would not fall under the classification of financial institutions according to the Bank Secrecy Act (BSA) but would contribute to meeting financial integrity objectives..In its commitment to address illicit finance risks, the proposal emphasizes the significance of classifying DeFi systems as critical infrastructure and involving OCCIP in oversight. Polygon's Chief Legal Officer highlights the role of OCCIP in reinforcing cybersecurity frameworks and information-sharing initiatives within the DeFi sector..The introduction of CCTs as a distinct category recognizes the need to manage illicit finance risks at specific touchpoints in the DeFi transaction flow. Polygon Labs and Arktouros present a comprehensive framework for tackling illicit finance risks in the DeFi sector, aiming to strike a balance between regulatory oversight and the permissionless nature of DeFi..As a side note, the native token of Polygon, MATIC, is currently trading at $0.7797, demonstrating relatively stable sideways movement over the past 24 hours. Despite this, MATIC has witnessed a noteworthy surge of over 9% in the last seven days.$MATIC #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

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•Ethereum price is pushing towards the $3,000 area / Source: Adobe The Ethereum (Ethereum-ETH) price forecast is increasingly optimistic as it looks to retest the important psychological level of $3,000 for the first time since April 2022. The price has also continued to gain momentum recently despite The bullish trajectory of the price of Bitcoin (Bitcoin-BTC) stagnates near $52,000; The price of ETH rose by approximately 13% over the past seven days - according to the CoinMarketCap website - while the price of Bitcoin rose by 4.4% during the same period. •Positive expectations for the price of the ETH currency have increased recently, as a growing number of analysts express their optimism, and asset management company Bernstein suggested yesterday, Monday, that several exchange-traded funds for spot Ethereum trading (ETH spot ETFs) will be approved this year. •Given these optimistic forecasts, Ethereum's deflationary financials, its flexible staking mechanisms, and the green design of the Ethereum blockchain, ETH is likely to become the “coin of choice for institutional investment.” •On the other hand, Keyrock CEO Kevin de Patoul indicated - in a statement to Cryptonews - that the probability of approval to establish spot ETFs this year is very weak, and added: “The SEC has not yet provided explicit guidance on whether ETH tokens are considered securities, which could complicate the approval process.” •However, Patole confirmed that the SEC would eventually approve the establishment of these funds, adding: “The uses and significant growth potential of the Ethereum blockchain are a major driver for institutional adoption as a regulatory-licensed investment vehicle... Institutions and investors alike should have an easy way to trade ETH instantly in the form of ETFs.” •Ethereum Price Forecast: How High Could It Be? •Investors certainly do not care much about the possibility of not approving the establishment of ETH ETFs in the near future, as optimistic expectations combine with positive technical indicators for the ETH price, especially after the strong upward rebound of the price from the support level at $2,700. •Looking at the long-term ETH price chart, it is clear that it has taken an upward path since last December, when the long-term resistance level at $2,150 was breached, exiting the ascending triangle pattern that it had remained within for a long time. •The price then succeeded in testing the support level at $2,150 repeatedly in late December and early January, which strengthened the possibility of it soon rising towards the next major resistance level at $3,600. •Ethereum price is rushing towards the $3,000 area. If ETH price succeeds in stabilizing above the $3,000 level, it is likely to retest the $3,600 level. $ETH #Followforemore