Bitcoin (BTC) Price Consolidation, Ripple (XRP) Advancements, and More: Bits Recap May 13

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Bitcoin has been stable around $60,000-$61,000, with experts predicting a surge towards $110,000 by late 2024 due to market trends and upcoming halving events.

Ripple’s XRP has been spotlighted due to a SEC classification of its upcoming stablecoin as an “unregistered crypto asset,” amid an ongoing legal battle with the agency. SHIB remains a popular topic despite recent price drops, with forecasts suggesting significant potential rallies.The price of the primary cryptocurrency did not experience enhanced volatility in the past several days, consolidating in the $60,000-$61,000 range.be replacedHe recently observed the Fibonacci circles on the asset’s price chart, suggesting that the cycle’s top of almost $110,00 could occur by the end of 2024.

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