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Bitcoin in February

Bitcoin in February

At the beginning of February, Bitcoin is trading at around $43,000. The price of Bitcoin in February is likely to remain stable, ranging between $40,000 and $49,000. One of the key factors influencing its price is the decision of the Federal Reserve System of the United States regarding the key interest rate. Although hints of easing monetary policy may increase the attractiveness of cryptocurrencies, such changes are not expected for now. Also drawing investors' attention is the launch of Bitcoin spot ETFs in the US, which could serve as an additional stimulus for growth. It is expected that the impact of these factors will be supported by the upcoming halving and the increase in trading volumes in the Bitcoin spot ETF market. However, potential payouts to creditors of the Mt.Gox exchange and geopolitical tensions may create additional pressure on the price of Bitcoin. Overall, it is expected that Bitcoin will move in different directions within the range of $35,000 to $47,000, providing investors with trading opportunities within this range.

To hedge against the risk of Bitcoin downturn, it is recommended to diversify the credit portfolio with another cryptocurrency. For example, consider diversifying the portfolio with a stable cryptocurrency such as Ethereum (ETH), which has its own fundamental advantages and wide recognition in the industry. This will help reduce overall risk and protect the portfolio from potential fluctuations in the price of Bitcoin.