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Bitcoin: Despite a dip from $48,000 to $42,000, Bitcoin remains resilient around its support level. The cryptocurrency demonstrated strength during the mid-January Red Sea crisis in the US stock market. Observers anticipate a potential uptrend for BTC when financial institutions re-enter the market. Caution is advised, and investors are encouraged to consider profit-taking around the $45,000 mark.

 

 

 

 

Shiba Inu: The popular meme coin, currently trading with five zeroes, may shed one zero in February. The Shibarium layer-2 network’s burning of SHIB tokens could drive a surge in its value, although this upward momentum may be short-lived. It’s recommended to sell the token when it reaches four zeroes to mitigate potential losses.

 

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