Important Ripple v SEC Lawsuit Updates, Bitcoin (BTC) Price Volatility, Solana Price Predictions: Bits Recap May 9

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BTC has been hovering between $59,000 and $65,000 in the past several days, settling around $61,700. Optimistic forecasts suggest a potential rise to $74,000 due to technical patterns and recent halving effects.

Solana’s SOL has climbed by 12% over the past week. Analysts are bullish, foreseeing new highs in 2024 and highlighting the asset’s strong market performance.The primary cryptocurrency experienced another severe turbulence in the past several days. Last weekend, its price dropped below the $60K level, but the negative trendapproximately $61,700 , representing a 1% decline on a 24-hour scale.

Recall that the legal spat between Ripple and SEC started in December 2020 and is related to XRP’s status. The regulator claimed that the company illegally raised over $1.3 billion in an unregistered securities offering by selling XRPreported

 

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