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"It is hard to ignore the starting rally in Bitcoin," says Financial Times.
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#Ripple announces plans to invest in the rebranded physical XRP exchange-traded product (ETP) from leading asset manager Bitwise. XRP latest news today: The San Francisco-based company made the disclosure after Bitwise renamed its European XRP ETP, formerly dubbed the ETC Group Physical XRP (GXRP). The renaming is part of Bitwise’s commitment to rebranding its suite of products in Europe. Following the rebranding, the ETP is now Bitwise Physical XRP, operating under the same GXRP ticker. This rebranding comes three months after Bitwise entered the European market through its acquisition of ETC Group in August. ETC Group, which offered several physical crypto ETPs, including GXRP and Bitcoin ETP (BTCE), had $1 billion in AUM. Launched in 2022, GXRP offers European investors regulated exposure to the fifth biggest cryptocurrency by market cap through a 100% physically backed ETP. The product is issued under a prospectus approved by the German authorities. Commenting on the development, Bitwise co-founder and CEO Hunter Horsley highlighted XRP and XRPL among the most famous crypto projects. The executive expressed excitement about granting investors access to an institutional-grade product like the XRP ETP. #CryptoNewsUSA
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Having surpassed the $1 mark, #Fantom is one of the top performers in the crypto market. With a 10.92% surge in the past 24 hours, the 7-day gains have increased to nearly 60%. Crossing the $3 billion market cap, Fantom shows high potential for a parabolic recovery. On the weekly chart, the FTM price trend reveals a rounding bottom reversal, gaining momentum. Starting from the 23.6% Fibonacci level with the Morning Star pattern, the uptrend has risen more than 300% since August. The bull run started from a low point of $0.2631 on August 5 and has reached the current market price of $1.09. Completing the rounding bottom reversal, the Fantom price challenges the neckline stage. The overhead neckline coincides with the 61.80% Fibonacci level at $1.05. Furthermore, a resistance zone extending from $1.03 to $1.11 fuels the overhead supply. The FTM price trend shows the rounding bottom reversal surpassing the long-standing resistance trend line. Furthermore, the recent surge has broken above a local resistance trend line that had been limiting bullish growth. The weekly RSI is gradually approaching the overbought boundary at 84.90. Based on the previous peak at 84.90, the RSI shows considerable room for further recovery. #CryptoNewsCommunity
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"XRP Rally Incoming: Major Target Revealed After Correction Ends"
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"Massive SUI Rally Incoming—Channel Breakout Set to Push Price Over $4!"
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#AAVE price trend in the 4-hour chart showcases a rising wedge breakout rally. The price jumped 11.79% in the past 12 hours with three consecutive bullish candles. Currently, the DeFi token is trading at $191.83, sustaining above the broken resistance trendline. As per the November price action, the AAVE price trend showcases a double-bottom reversal from the baseline of $152. The recent recovery run has broken above the neckline at $174 for the third time, reflecting the increased volatility. Furthermore, the bullish recovery has surpassed the 50% Fibonacci level at $187.75. #Crypto
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