Hello friends,
I am doing good, and I hope that you are having a good time with your near and dear ones.
Today is another big day for the cryptocurrency market because Bitcoin has touched 50,000 U.S. dollars today. It has been awaited for a long time and finally, it is a fantastic day for all of us because we are at crypto and are always interested to see Bitcoin reaching heights. Everyone wants Bitcoin to grow further and this price is very good. I'm feeling happy and I'm not holding any Bitcoin but because everything is driven by Bitcoin in this market so green colour with Bitcoin looks great for all of us. I even don't know if I will ever be able to have Bitcoin but I enjoy the market momentum and how things move when everything looks good and most of the market is in green colour.
I have checked the price for Bitcoin on the coin market cap website. This is a go-to website for me that I use most of the time. I also use coin-gecko sometimes and both are more or less the same for me. Below is the price chart which I have taken from the coin market cap and you will see that how price is on an uptrend. I don't know if there is any reason for this price increase because I did not see any news about Bitcoin this weekend. I don't know if something is cooking behind because there can be something I am not aware of. It is good that after the ETF approval price is going up but do you think that it will sustain because halving is the next event in April month.
After btc halving the price is expected to increase further but not immediately. It will happen because the cost of Bitcoin will increase. After all, the price for minor rewards will go down. What I'm trying to say is that the minor reward will be reduced exactly by 50%. This will increase the Bitcoin production cost and then the Bitcoin must go higher so that miners can continue to work.
It's time for the crypto community to cherish the day and also hope that it can go even higher. I have no idea how it will go and whether we can expect the price to go even higher or the lower side. It is a market and no market can be predicted so the Bitcoin market is not different but it can be considered as a good signal in this market. If things go right then maybe we can see Bitcoin going even higher but it is not as easy because things can also be different.
Even the Ethereum Price is going up so am I right to say that the bull run is started already? I don't know because I'm not technical and do not have an understanding how the technical parameters work in this market. I am just too new in this market and whatever is in the news I read and understand and also try to find out how market is doing through websites like coinmarket dot com or coingecko. But I am happy because things are getting better and I hope that this also brings a positive impact to hive price.
Thank you
