Today, 06/02/2024, the cryptocurrency market is witnessing some exciting developments. The digital currency market witnessed a remarkable rise this year, as the total value of the market rose to $2.47 trillion, thanks to the approval of Bitcoin exchange-traded funds (ETF), which led to a large amount of money entering the market.
Bitcoin recorded a significant increase, as its price reached about $67,900. This rise is partly due to optimistic expectations around the Bitcoin halving event expected in April 2024, which is expected to increase the value of Bitcoin significantly, perhaps to more than $99,000. Ethereum has also seen improvement, with markets anticipating an increase in its value as the launch of the EIP-4844 upgrade approaches in The second half of the year, which will improve network performance and reduce transaction costs. Additionally, other coins such as Polkadot and Bibi have seen good market performance, recording notable gains in recent weeks. Polkadot is up 7.4% in the past seven days, while Bibi is up 20%.
Expect this year to be full of developments and changes in the digital currency market, with continued increased adoption and new regulations being implemented in Europe and the United States, which could boost confidence and investment in this field.
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