New BTC Peak, Bullish XRP Price Predictions, Pi Network Alert: Bits Recap Dec 17

TL; DR

Bitcoin (BTC) has reached a new all-time high near $108,000. Analysts predict it could rise to $250,000 or even $500,000 this cycle. Ripple's XRP is up more than 130% in a month, trading above $2.50. Market watchers set short-term targets between $5.85 and $8.76. Pi Network urges users to trust official channels and use the verified Pi Wallet. The launch of the Open Network is pending, with about one million confirmations remaining.

BTC Hits New ATH.

The leading cryptocurrency has been on a tear in the past seven days, recording a price increase of more than 10%. Several hours ago, it was near a new all-time high of $108,000. In the following hours, BTC experienced improved volatility and finally stabilized at the current level of $107,000 (according to CoinGecko).

It is important to note that the property has a new edge Not long ago After MicroStrategy announced its latest crypto acquisition. as a Cryptopotato reportedThe business intelligence company earned 15,350 BTC at an average of $100,386. His total holdings have grown to 439,000 BTC.According to the current prices, That's about $47 billion.

Such massive purchases leave few properties available on the open market. able able Result In a price rally (assuming demand continues or increases). However, when MicroStrategy revealed the past two periods of multi-billion bitcoin purchases, the price of BTC briefly headed south.

The asset's push to a new ATH on X. Jake Gagain matches the general bullishness among prominent analysts. he said. I will be surprised if BTC does not reach $250,000 this cyclewhile Michael van de Pop He believes. The price can explode up to $500,000.

XRP price predictions

Another leader that has seen significant expansion as of late is Ripple's XRP. The price has increased by more than 130% in the last month, and is currently trading well above $2.50.

Some reasons could be. Fueling the resurgence include a general market revival and the upcoming launch of Ripple's stablecoin RLUSD. The product is it. It is considered to the Go live on several exchanges over the next couple of days. Among those who have adopted it are Uphold, MoonPay, Bitso, CoinMENA and others.

Many industry participants believe that XRP's recent spike could be the beginning of a Main Bull run yet Let him testify. X users JAVON MARKS recently He predicted A possible price breakout, the bearish bearer has set $5.85 and $8.76 short-term targets. The latter listed $2.29, $2.24, $2.10, and $2.02 as follows. Main Support zones.

X user Scofield enteredas well, Giving advice XRP investors should consider selling their positions when the asset's price rises to $5.

Pi network alerts

Finally, however, we end with at least two caveats. came From the controversial cryptocurrency project Pi Network. The team made a call Users should only rely on information shared on official channels. They have provided a special security page that shows all the resources and URL links that the community can view.

The developers warned people to use it only theirs In the Pi browser named Pi Wallet. “Make sure you're in the right Pi Wallet and not any fake one to protect your Pi. The actual Pi Wallet is highlighted in purple with the Pi logo with the Core Group Applications logo in the navigation bar of the Pi Browser,” the warning reads.

The Pi Network saw the light of day in 2019, gathering a multi-million community in the following years. However, it has yet to unlock its native token and mainnet. He created some of them Controversy. According to the group, the open network will see the light of day when 15 million people complete the required verification. Pi news soon He said he deserved it. Only one million left to do so.

In addition, the P Core Group He promised. To announce the mainnet open roadmap in December, which Give more clarity When will users be able to buy and sell Pi tokens?

It remains until to appear The last weeks of 2024 will bring significant developments or It will be. More delays.