Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum — Asian Wrap 23 December

December 22, 2024

Bitcoin (BTC) traded near $97,000 on Friday after its recent correction saw cryptocurrencies shedding over 5% of their total market capitalization. Despite the bearish sentiment currently dominating the market, several key factors suggest that BTC may not have topped in the current market cycle.

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Ripple (XRP) extended its consolidation pattern – which dates back to a sharp decline it witnessed in May 2021 –  within the first 10 months of 2024. Despite Judge Analisa Torres’s final ruling in August, which gave XRP a major victory in its case with the United States Securities and Exchange Commission (SEC), prices remained mum until November.

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Ethereum (ETH) price is showing signs of recovery on Wednesday as buyers are returning to the market to buy the dip. One expert predicts that prices could stabilize as we approach the holiday season due to the absence of institutional activity.

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