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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
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Bitcoin showed weak fluctuations yesterday, and the current market is in a consolidation phase, with prices oscillating within a range. The trading volume shrank over the weekend, and neither bulls nor bears have broken through. During the day, Bitcoin reached a high of 109440 before falling to a low of 108154, and then stabilizing and rebounding to around 109000 for consolidation. After experiencing a significant decline earlier, the short-term bearish momentum has weakened, and bulls are beginning to attempt to gain strength. However, the price is still below the middle track and has not effectively broken through this important resistance level, indicating that the bullish strength is still not strong enough. The overall market remains in a stage of oscillation and bottoming. This suggests that while bearish momentum has weakened, it still exists, and the market is likely to continue its oscillation and consolidation pattern in the short term.