.The market value of all bitcoins in circulation during these moments of trading today, Wednesday, rose above one trillion dollars for the first time since late 2021, according to data available on the Investing Saudi website. This coincides with the combined market value of the digital currency market as a whole exceeding the $2 trillion barrier as well. . The cryptocurrency also broke through the $51,000 level during the day, the first time it has reached this price since December 2021. . Bitcoin was trading at around $51,630 during these moments, up about 3% in the past 24 hours. . Bitcoin continued its price rises that began in January last year. This year alone, Bitcoin has risen by more than 21%. . Bitcoin rose more than 150% in 2023, as markets awaited the US Securities and Exchange Commission's approval of Bitcoin exchange-traded funds – or ETFs – which eventually came in January of this year. . The price of Bitcoin fell after the launch of ETFs in the US. A new rally began in late January, with investors now looking towards the “halving” – a supply-restricting event of Bitcoin that occurs every four years and is scheduled to happen in April. . When a halving occurs, the rewards given to Bitcoin miners are cut in half, reducing the amount of cryptocurrency on the market. Historically, halvings have been preceded by Bitcoin reaching all-time highs in the following months. While Bitcoin's last record high was just under $69,000 in November 2021. . The latest leg of the rally appears to be driven in part by higher demand for ETFs. Newly released spot bitcoin ETFs recorded net inflows of $1.1 billion last week. . ETFs are an investment product that tracks the price movement of another asset, in this case allowing investors to trade Bitcoin without owning the underlying cryptocurrency. However, ETF issuers will need to buy and sell Bitcoin to support the derivatives. . Meanwhile, the crypto market has seen notable rises in the prices of other cryptocurrencies, with Ethereum, the currency linked to Ethereum, reaching $2,759.87, its highest level since May 2022. Investors are hoping that the Ethereum exchange-traded fund will be approved by the FCA. Securities and exchanges this year. . $BTC #Followforemore

.A former developer started the Joint L1 Task Force (L1TF). Along with other developers and validators of Terra Luna Classic . Working to burn 800 million USTC to reduce the circulating supply of stablecoins by burning the balance in the contract. According to the latest details, a proposal regarding contract migration will be presented for a vote. . Terra Luna Classic Begins Test Burn of 800 Million USTC Terra Luna Classic developer Fragwuerdig revealed on February 13 that a testnet trial is ongoing in response to the community's plan to burn 800 million USTC. The move comes after the community decided to burn the funds instead as the funds cannot be recovered via the wallet owners and the blacklisting no longer serves any purpose anymore. . “I will need your approval to try out the testnet on Proposition 45,” he said. “We are migrating the contract through governance to burn through the contract balance.” . Notably, the testnet wallet on Rebel-2 does not contain 800 million USTC. But 10 million USTC since the supply on testnet is not limited. However, the community can burn USTC through the execution and relay endpoint to execute a handler that burns contracts with USTC balance. . The code will be used to migrate 800 million multisig nodes or Risk Harbor wallets to a new code version via a contract migration proposal. The community needs to approve the migration proposal to blacklist and burn 800 million USTC balance. This methodology will not change the state of the blockchain, says Fragwuerdig. $USTC $LUNC $LUNA #Followforemore

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.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 the Shiba Inu coin (Shiba Inu-SHIB) increased today by 1.5%, recording $0.000009628, amid an increase in the prices of the total value of the entire crypto sector by the same rate during the past twenty-four hours, so that the price of the currency stabilized at a weekly decline of 1.5%; However, the value of this well-established meme coin is still up by 5% compared to the last two weeks and by 12.5% ​​compared to its price 30 days ago. •Given the failure of the SHIB coin to achieve gains over the past year - as its value declined by 25% in 12 months compared to its current price - this coin is still undervalued, which may represent an attractive factor that can entice investors to buy it, and the SHIB coin is likely to move forward towards... A remarkable and imminent upward price rebound is achieved. •The Shiba Inu has regained some momentum recently; Although its value has declined slightly over the past two days, its price is likely to continue to perform well, as the 30-day moving average indicator (represented in yellow) continues to rise above its 200-day counterpart (represented in blue) after a period of decline. , which heralds the price regaining some momentum; This momentum is likely to continue for a period of time. •Source: TradingView Meanwhile, the Relative Strength Index (RSI) reading - represented in purple - has risen from 40 on February 6 to around 55 today, which makes it likely that the currency price will continue its upward path, and this possibility is reinforced by the medium-term support level ( Represented in green), it has continued to rise steadily since the end of 2023, which also heralds the possibility of price increases over the next few months. •Another positive indicator is that the daily trading volume of the SHIB coin has increased significantly since the beginning of this month, rising from approximately $65 million at the beginning of February to $230 million today. However, the trading volume of the SHIB coin is still very far from the levels recorded in December. Last December, approximately $750 million. •While the recent rise enhances the possibility of a continued recovery in the price of the SHIB currency, it remains one of the currencies that went through periods of overselling and is currently valued at much less than its real value, as we mentioned previously. •What is interesting is that some whales (major dealers in the sector) have purchased this currency in large quantities in recent weeks, which indicates their preference for an increase in the price of the SHIB currency. Compared to other meme currencies, the Shiba Inu system has relatively good financial and technical foundations, which were recently strengthened by the launch of the second-layer solution Shibarium network last summer. Decentralized identity tools are also being developed in the Shiba Inu technical system, in addition to the upcoming launch of the virtual world ( Its metaverse, these developments reinforce optimistic expectations for the future of the SHIB currency, as its value is likely to rise in conjunction with the general rises in the prices of all assets in the sector. $SHIB #Followforemore

.The Terra Luna Classic community has agreed to propose spending submitted by the developer Jenin Labs to pay the costs of the work team in the past few weeks. The proposal received the majority support from the Terra Classic auditors.The Terra Classic community agrees to the Genuine Labs proposal exceeded the proposal of 12019 to the Terra Luna Classic developer "Genion Labs" "The threshold of success" where members of society and believers voted in favor of the proposal. The vote on the proposal ends on February 6.. More than 84% of the votes were in favor of the proposal. According to the current voting details. The sound of 40 believers with "yes" and the voice of 9 with "refusal". Senior auditors such as Orion, Interstellar Lounge, Jesusislord, Stakely, Terracvita and others voted in favor, and they agreed to successfully complete the tasks.The Group of Developers requested a $ 16,000 financing in LUNC from the community basin to successfully complete the tasks. The auditors evaluated their work for four weeks carefully in carrying out comprehensive tests. Increase test tests, processing Packetforwardsddleware links (PFM) and IBC.“Our focus has been on the implementation of comprehensive tests (E2E), and interstitial chains tests. Treating Packetforwardmdeware (PFM) and IBC Hooks. "We have maintained transparency throughout the work by submitting half -monthly reports about the progress we made," said Jinin Labz.. LUNC and USTC rise to the highest witness to Terra Classic Lunc filtering huge shorts deals due to strong technical graph patterns. The Container recorded huge trading sizes after the descending channel penetrated to the upper direction.Both the shorts deals for Lunc and 1000 Lunc have been filtered, indicating upward morale among investors. However, analysts expect a re -test over the channel before it starts to rise again.The price of LUNC has increased by 20 % in the past few days. The price is currently being traded at $ 0.0001091. The highest and minimum price 24 hours is $ 0.0001031 and 0.0001153 dollars, respectively. Society is still upward after the huge jump in trading sizes.. Meanwhile, the USTC price moves in a limited range within a week. The price is currently being traded at 0.02556 USD and the trading volume in USTC plans diminishes. The lowest level in 24 hours and the highest price at 0.0248 dollars and 0.0265 dollars, respectively.$LUNC $USTC #Followforemore

.The price of the Ripple currency rose today by 2% to reach $0.5129, in light of a general rise in the crypto markets by 3.5% in the last 24 hours. The price movements of Ripple come amid the tendency of major traders (whales) to bet on the price rising, as a percentage Bullish to bearish trades in the futures markets this week via the OKX platform are at their highest levels during the month, and this increase could help improve the chances of the price of Ripple rising after its notable poor performance recently (it recorded a weekly rise of 4% and a decline Monthly at a rate of 10%), but with the likelihood that Ripple’s legal dispute with the Securities and Exchange Commission (SEC) will end this year and the possibility of the start of a bull market, the price of Ripple currency could resume its strong rise soon. . Ripple price expectations, with whales betting on its rise despite its weak performance. Is there a huge price jump on the horizon? . The Ripple price chart continues to express poor performance, as all its technical indicators indicate that it is going through an oversold state and a lack of momentum, as the 30-day moving average indicator (SMA-30) exceeded its 200-day counterpart (SMA-200) a week ago, continuing its downward path. Which seems to be about to be reversed. . Ripple/USD price chart On the other hand, the Relative Strength Index (RSI) rose from 30 to 40, but at the beginning of the day it is facing difficulty in achieving further rise. . Ripple's trading volume is not currently considered very low, as it is close to $900 million today, but it is still far from the highest levels recorded in January (which amounted to about $2 billion). On the other hand, it seems that whales are slowly regaining their interest in Ripple, as OKX platform data shows an increase in the ratio of bullish to bearish trades in the futures markets, suggesting the possibility of a rise in the price of Ripple again. . In other words, major traders currently prefer to buy Ripple currency more than sell it, which indicates that they are anticipating a price rebound or imminent upward movements, perhaps in anticipation of the outcome of the legal dispute between Ripple and the SEC, as experts expect the two parties to reach a final settlement by the summer. It can be said that this settlement has come a little closer this week after a court order was issued to Ripple to provide financial statements and other documents that can be used to estimate an appropriate financial penalty, the size of which we will not know until it is approved, but this settlement will help the company overcome its prolonged dispute and restore the price of the Ripple currency. His lost height. $XRP #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

.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 significantly during these moments of trading, today, Monday, above the level of $53,000, after erasing all of its daily losses, to now rise by about 1.7% in the last 24 hours. •This comes in conjunction with MicroStrategy, a company that has made buying Bitcoin part of the company's investment strategy, purchasing another 3,000 or so of the largest cryptocurrency tokens by market capitalization this month for $155.4 million. •This brought the value of the company's holdings to approximately $9.88 billion, based on currency market rates. The most recent cash purchases were made between February 15 and 25, according to a filing with the U.S. Securities and Exchange Commission on Monday. This brings the company's total holdings to approximately 193,000 Bitcoin. •Michael Saylor, Chairman and Co-Founder of MicroStrategy, began buying Bitcoin in 2020 as an inflation hedge and an alternative to holding cash. Saylor said in an interview on Bloomberg TV last week that there was "no reason to sell" when asked when the company might sell its Bitcoin holdings. The value of the cryptocurrency has risen by approximately 460% since Saylor started buying. •The average purchase price was $51,813, while the average total ownership price was $31,544, according to the filing. •The value of the property briefly swelled to $10 billion earlier this month when the price of bitcoin reached its highest level in more than two years. •Meanwhile, Bitcoin is now up about 1.7% in the last 24 hours to $53,425, while Ethereum is up 1.9% to $3,157. Binance Coin increased by 2.7% to $397. #Followforemore $BTC