Bitcoin (BTC) Rollercoaster, Ripple (XRP) Price Predictions, Solana (SOL) Developments: Bits Recap Dec 14

TL; DR

Bitcoin (BTC) hit a 20-month high above $44,000 before falling below $41,000, but recently rebounded to $43,000, on signs of no change in interest rates from the Federal Reserve and future rate cuts. . Ripple (XRP) has also seen significant volatility, moving from $60 to nearly $70, then to $60, with recent breakout trends pointing to further gains. Solana (SOL) made news with its price increase and NFT sales volume, Ethereum showed a 53% increase in weekly NFT sales to almost $68 million, Ethereum showed a 5% decrease.

Bitcoin (BTC) turns green again.

The largest cryptocurrency by market capitalization – Bitcoin (BTC) – has experienced enhanced volatility over the past few weeks. The price stood at around $38,000 in early December, but in the following days, it took an offensive. catch up 20 month high above $44,000. However, the asset failed to keep up with the push, falling below $41,000 earlier this week.

And while the bears are beginning to anticipate a more severe fall in the near future, BTC has started another uptrend a few hours ago. rising About $43,000 (per CoinGecko data). The recent increase may be due to the FOMC meeting held on December 13.

Note that the Federal Reserve has kept interest rates unchanged. Give a hint Three rate cuts next year. Such a pivot is seen as a big boon for the cryptocurrency industry, particularly Bitcoin, as it makes borrowing money cheaper and allows more investors to hold on to riskier assets.

You can check out our latest video below, willing to see what else could trigger a BTC rally in the near future.

Is Ripple (XRP) Ready for the Ultimate 2023 Sprint?

Ripple's native token – XRP – is another digital asset that has seen drastic price changes since the beginning of the month. The price hovered around $60 on December 1, rising to roughly $70 a week later. However, the next market correction brought the price back to $60.

XRP headed north today (December 14) following a bullish trend across the sector. Several analysts, including X (Twitter) users EGRAG CRYPTO and JD, to believe The price of the token may go up in a short period of time. The former claims XRP could surpass $1.20 by New Year's Eve, while the latter's projected higher gains should see the coin climb at the weekly close.

If you want to know how Ripple's token will perform in the remaining weeks of the year, watch the video below.

How is Solana (SOL) doing?

Last but not least, we will focus on Solana and the latest developments around the blockchain protocol. Apart from making headlines with SOL's steep price hikes over the past several months, there are several other developments worth noting.

Like CryptoPotato reported, the sales volume of Solana's non-viable token (NFT) showed a bigger increase than Ethereum every week. The figure with the former reached 68 million dollars, 53% higher than the data recorded a week ago, while the latter recorded a decrease of 5%.

Currently Solana NFT trading volume for the last 24 hours It stops At over $10 million (up 27% daily), Ethereum has around $14 million.