Bitcoin {{BTC}} has risen 2.8% over 24 hours, trading above $66,500, and ether {{ETH}} has advanced to $3,240, according to CoinDesk Indices data, as multiple issuers in Hong Kong said they'd been approved for spot crypto exchange-traded funds (ETFs).

China Asset Management, Bosera Capital and other applicants posted to social-media platform WeChat (Weixin) that they had been approved to list spot bitcoin and ether ETFs in Hong Kong. However, these announcements seem to have front-run an official statement from the Securities and Futures Commission (SFC), which has not posted a list of approved issuers. Some of the posts have since been deleted.

The SFC did not return emails or phone calls asking for comment.

Singapore-based digital assets trading house QCP Capital said in a message shared with CoinDesk that it believes the ETFs, when approved, will unlock some institutional demand during Asia trading hours.

"Participants who wanted exposure have always been limited to US hours, but this now gives institutional investors an Asia-based alternative," QCP wrote. "We believe this will be bullish short term, but there are more important narratives and drivers such as macro events."

Something big is brewing in the XRP camp. Over the past few days, XRP has surged past $2.38, dethroning Tether (USDT) to become the third-largest cryptocurrency by market cap. The crypto community is buzzing as XRP momentum builds, with many speculating that $7.75—the price at which XRP would flip Ethereum (ETH)—could be on the horizon.

Here’s why everyone’s talking about XRP right now:

WisdomTree’s XRP ETF Filing with the SEC
In a move that caught the market’s attention, WisdomTree, a major asset manager, filed an S-1 registration with the SEC to launch an XRP-focused exchange-traded fund (ETF).

Why does this matter?
This isn’t just a small-time move. ETF filings signal a growing institutional interest in XRP, the kind of legitimacy boost that historically drives price rallies. Remember what happened when Bitcoin ETFs started rolling out? XRP might be gearing up for its own institutional adoption moment.

XRP’s Explosive Google Search Trends
According to data, global Google searches for XRP have seen a sharp increase since November 28. This kind of search activity typically reflects retail investor interest. The buzz isn’t limited to just crypto enthusiasts—it’s spilling over into mainstream finance, signaling broader market FOMO (fear of missing out).

The $7.75 Question: Flipping Ethereum
At the current pace, XRP flipping Ethereum (ETH) could become more than just a pipe dream. To put this in perspective, Ethereum currently holds the second spot with a market cap of $588 billion. At $7.75, XRP’s valuation would surpass ETH, fundamentally reshaping the crypto landscape.

Could XRP lead the next altcoin season? Many think so. This rally isn’t just about price—it’s a battle of ecosystems, with Ripple’s cross-border payment solutions gaining traction among financial institutions worldwide.

What’s Next for XRP?
The recent price movement and institutional developments suggest that XRP isn’t done climbing yet. Key levels to watch include the $3 psychological barrier, which would be the highest price since its all-time high run in 2018.

Here are a few things to keep an eye on:

• ETF Approval: If WisdomTree’s filing gains traction, XRP could see an influx of institutional capital.

• Ripple’s Partnerships: As Ripple continues to expand globally, its real-world utility could further fuel demand.

• Regulatory Clarity: With Ripple winning battles in court, XRP’s path to compliance in major markets is clearing up.

Final Thoughts
XRP’s rise to $2.38 isn’t just another pump—it’s a moment of validation for the token and its ecosystem. With an ETF filing in play, surging retail interest, and the potential to flip ETH, XRP is proving once again why it remains a cornerstone of the crypto space.

2024 is shaping up to be the year of XRP. The question now is: How high can it go?
#xrp $XRP #etf $USDC

Our experts talked about the factors affecting the growth of the crypto market. And predicted the further movement of Bitcoin prices
The bitcoin (BTC) exchange rate rose more than 5% on November 9, approaching the $38,000 mark when paired with the Tether USD (USDT) stablecoin on the Binance exchange. And this is the maximum value of the exchange rate since May 2022.
A positive trigger for the price growth was the news that. The U.S. Securities and Exchange Commission (SEC) began negotiations with Grayscale on the launch of its bitcoin exchange-traded fund (ETF). And a report from Bloomberg analysts that the regulator has an eight-day window open for possible ETF approval from 12 other companies. And which had previously filed applications for the commission's review.
The cryptocurrency market has seen increased volatility recently amid expectations of approval of applications to launch exchange-traded funds (ETFs). Investors believe that the entry of ETFs from major players such as BlackRock or Fidelity into the market will lead to a further increase in the value of bitcoin.
The regulator, represented by the U.S. Securities and Exchange Commission (SEC), is taking a cautious stance and postponing decisions on applications to launch ETFs. And which have already filed 12 management companies. Experts believe that the most likely scenario is the simultaneous approval of several applications to launch a bitcoin ETF at once in early 2024, our experts believe.
Buyers managed to test the resistance zone $36,200 - $36,500 before November 9. According to the cyclic analysis, they will be vulnerable from November 9 through November 21. As all key levels are passed, now it is necessary to hold current positions till the third decade of the month. In order to get to $42 thousand by the new year.
In the near future, the crypto market will remain highly uncertain due to the potential launch of ETFs. This will contribute to the persistence of increased risks and volatility.
Fear of lost profits
The reason for bitcoin's meteoric rise is investors' reluctance to miss out on "a wave of growth that could hit the crypto industry" if the instrument is actually approved.
In October, even fake news about a spot bitcoin-ETF fueled the market. As a result, bitcoin managed to consolidate above the psychological level of $30 thousand and went to update local highs.
Many participants of the cryptocommunity believe that this instrument will attract trillions of dollars of investments into the crypto-industry. But earlier, market participants pinned similar hopes on futures and cryptocurrency options. Unfortunately, the launch of the tools did not lead to the expected result, our experts note.
As for the further goals of bitcoin, everything will depend on the news background. If the bitcoin price will be fueled by rumors of ETF approval. In the near future, investors will be able to see a "storm" of $40 thousand. In the absence of positive "bubble of expectations may burst" and bitcoin will go into correction, probably in the neighborhood of $30 thousand, our expert warns.
How long will the Bitcoin growth last
Judging by technical analysis and market structure. And also taking into account the fundamental factors, we can say that bitcoin is in an important phase of its cycle. And is preparing for a sharp upward movement.
The big players in the market will manipulate the price, and the expected approval of ETFs. As well as the "general euphoria about it" may lead to overpriced purchases. In the coming year, the bitcoin rate movement will occur in the price corridor of $25-36 thousand. And "a real bull market with bitcoin growth and altcoins taking off 10-20 times" should only be expected in a year and a half.
At the moment, our experts recommend to buy promising altcoins. And trade them between levels in order to accumulate positions until the target event occurs - the very market upsurge. But of course local drawdowns are possible, but the potential profit on individual positions can be more than 1000%. $BTC
#BTC #etf
 

Bitcoin (BTC/USD) awaited fresh technical guidance early in the Asian session as the pair attempted to pare some recent profit-taking selling activity that resulted in an acute declineto the 41444.97 area.  The move to this area represented a test of a downside price objectivearound the 41208.59 area that is related to recent selling pressure around the 49102.29and 46368.85 levels.  Buying pressure later emerged around the 42495 area during the recovery, a test of a recent upside price objective related to recent buying activity around the 24900 and 34758.64 levels.  The recent high around the 49102.29 area was BTC/USD’s strongest print since late December 2021.Large Stops were elected above the 47934, 48466, and 48647.72 levels during the appreciation, significant technical levels related to historical buying pressure and the all-time high of 69000.  Upside price objectives include the 51701, 52121, 52971, and 53370 levels.  Following the move to new multi-year highs, areas of technical support and potential buying pressure include the 42002, 41717, 41208, 39343, and 36329 levels.  Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).Price activity is nearest the 200-bar MA (4-hourly) at 43809.63 and the 50-bar MA (Hourly) 44642.31.Technical Support is expected around 42498.13/ 40625.68/ 37321.80 with Stops expected below.Technical Resistance is expected around 51707.77/ 52121.96/ 53370.28 with Stops expected above.  On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.                                   #BTC #etf #ETH

Binance Feed is a social media platform for the crypto community. It allows users to share news, articles and opinions about cryptocurrency and blockchain technology. Binance Feed also features a live chat function, allowing users to discuss crypto-related topics in real time.In addition to being a great way to keep up with the latest crypto news and connect with other crypto enthusiasts, Binance Feed also offers a number of ways to make money. Here are some of the ways you can make money with Binance Feed:Create content and get paid. Binance offers a content creation campaign that# rewards users for creating quality content on the Binance Feed. You can earn points for your posts, which can be redeemed for rewards such as Binance Coin (BNB) and other cryptocurrencies.Here are some tips on how to earn money from your Binance feed:Create quality content. Your content should be well-written, informative and engaging.Promote your content. Share your posts on social media and other channels to reach a wider audience.Be patient. It takes time to build a following and earn a significant amount of money from your Binance Feed.#BTC #etf #BinanceSquare #bitcoin #Binance $BTC