.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

.SHIB, the second largest MIMES coin. Roired price movement during the past two weeks. The daily chart shows short candles and longer tails and does not reflect any initiative of speculators on height or speculators to decrease in this momentum. However, a look at the daily chart of the time frame reflects that the price of Shiba Inu has respected two decisive levels approaching decisive penetration..The price of Shayba Ino is narrowed within the two close direction linearies that work as resistance and dynamic support. First, the downside line rules the current correction direction and the sellers assist in a decrease in the price from 0.00,001195 dollars to $ 0.000009, recording a 24.5 % loss.Second, the rising trend line that supports buyers to restore the bullish momentum during the markets. By publishing time, the SHIB price is traded at $ 0.00000914 USD and is close to the top on the close direction lines..Thus, the currency price is likely to break either of them. The bullish penetration of the upper trend line will indicate the end of the correction and the SHIB value will increase by 18 % to $ 0.0000106. However, the collapse of the lower direction line will lead to the prolongation of the correction to $ 0.00000776, followed by $ 0.0000066..Is the price of SHIB ready for the upward trend? The next Halfing event for Bitcoin, which is expected to happen in 2024. It creates a wave of optimism within the cryptocurrency community. Historically, the Halfing events served as incentives for huge heights in the Bitcoin price..However, market optimism may have a successive impact on the broader digital currency market. Including the best alternative currencies like Shiba Inu (Shib). Investors who achieve profits from BTC's potential rise may be looking to diversify their gains to other encrypted currencies with a busy record of high returns during emerging markets..Consequently, the SHIB price has a higher possibility for bullish penetration and restores a sustainable position above $ 0.00001 in February.$SHIB #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 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