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Learning & News => News related to Crypto => Topic started by: sirty143 on February 15, 2024, 05:23:23 AM

Title: Crypto Economy Hits $1.9 Trillion on Valentine's Day Surge: DYM, STX, and SEI Le
Post by: sirty143 on February 15, 2024, 05:23:23 AM
Crypto Economy Hits $1.9 Trillion on Valentine's Day Surge: DYM, STX, and SEI Lead Gains

At the time of writing, the value of the crypto economy has reached $1.93 trillion, with bitcoin alone accounting for $1 trillion of this total. Bitcoin and ethereum have experienced increases of 4.2% and 5.3%... See more for yourself here (https://news.bitcoin.com/crypto-economy-hits-1-9-trillion-on-valentines-day-surge-dym-stx-and-sei-lead-gains/).

Your opinion is greatly appreciated.

Title: Re: Crypto Economy Hits $1.9 Trillion on Valentine's Day Surge: DYM, STX, and SEI Le
Post by: Z-tight on February 15, 2024, 05:46:58 PM
BTC price is ~ 52,300 right now and who knows how high it could get to before the BTC halving coming up very soon, the crazy thing about this bull run is BTC has crossed $50k when we have not had the halving yet. I know there was a major event at the start of the year, which is the approval of spot etf's in the u.s. market, and so when the halving happens, so many people expect BTC to rise above $100k, and i think i second that.
Title: Re: Crypto Economy Hits $1.9 Trillion on Valentine's Day Surge: DYM, STX, and SEI Le
Post by: TomPluz on February 16, 2024, 08:35:00 AM
Quote from: Z-tight on February 15, 2024, 05:46:58 PM

I know there was a major event at the start of the year, which is the approval of spot etf's in the u.s. market, and so when the halving happens, so many people expect BTC to rise above $100k, and i think i second that.


It was a lovely gift on V-Day for all people who are into cryptocurrency and so the market is rejoicing that at this early stage leading to the coming halving the monster has already awaken and is making its roar finally at more than $50K so far. We can then say that both ETF and halving become two leading factors for the continuing rise of the crypto market...and we can say that there is a big possibility $100K can be an easy reach for BTC within this year if not on or around halving date. And we have to remember that the more gains the more people will be attentive to the industry so it is like a big momentum that can lead to an avalanche of support. However, we should also be careful as there can be some traps along the way, as always.