Bitcoin (BTC) had a terrible week, with the Bitcoin price dropping nearly 20% in just five sessions. However, it recovered most of its losses by Monday morning, when US President Donald Trump announced a strategic crypto reserve. BTC has climbed from the Friday low of $78,176 to the current price of $91,831.
Amid this surge, crypto whales are adding DTX, the presale token of DTX Exchange, to their portfolios after a huge buy pushed its listing price to $0.36. In just a week, whales have added over $2.2 million worth of DTX tokens. Trading at $0.18 in the final bonus round, DTX Exchange presents a compelling upside opportunity.
Furthermore, experts believe that after the Binance listing, DTX could rise 1,500%, replicating the Bitcoin price’s 2020 growth.
Bitcoin Price Jumps Above $94.5k Amid Trump’s Bullish News: What’s Next?
US President Donald Trump has shaken up the cryptocurrency market by announcing a US Crypto Strategic Reserve. The biggest cryptocurrency, Bitcoin (BTC), saw one of the biggest gains in a single day, rising by 13%. The Bitcoin price took support from the 200-period DMA along with the psychological support zone of $80,000.
Courtesy: TradingView
BTC traded in the $90,000 to $105,000 range for over three months, but bears took control, driving the price below $80,000. However, with this surge, the Bitcoin price is again trading inside the previous range. $100,000 and $105,000 are the key levels to watch in the upside, while $90,000 will be the threshold protecting downside for the Bitcoin price.
Edul Patel, co-founder, and CEO of Mudrex, a crypto trading platform, expressed to correspondents that if bitcoin price remains above $90,000, there is a good chance for it to reach $100,000 next, and if Donald Trump’s Crypto Summit on Friday is successful, the price might go to $110,000, which would be its ATH.
Patel also noted that including these cryptocurrencies in the US reserve would make them more than just speculative assets, attracting more institutional investment.
DTX Exchange Ready to Disrupt $110 Trillion Global Market
While the Bitcoin price is still trading 16% below the January high, DTX Exchange has delivered 800% gains from its initial stage. This platform aims to merge traditional assets into its advanced web3 hybrid product, offering a seamless trading experience that eliminates the inefficiencies of traditional exchanges.
DTX Exchange is introducing the first-ever multi-asset trading platform, meaning users can now trade stocks, forex, tokenized ETFs, cryptocurrency, and 120,000+ currency pairs, all in a single platform. The platform runs on a high-performance layer-1 VulcanX blockchain. In the recent testnet, VulcanX achieved an incredible speed of 200,000 transactions per second (TPS), proving it can run smoothly even during network congestion.
The platform is designed to attract both retail and institutional investors. It features institutional grade tools like 1,000x leverage, non-distributed liquidity pools, algorithmic trading, and copy trading features. Additionally, focusing on security, DTX has launched a non-custodial Phoenix Wallet that gives users full authority without any interference.
In the bonus round, each DTX token is priced at $0.18, and the listing price is set at $0.36, guaranteeing a 2x surge upon launch. DTX Exchange is already proving its strong market demand, having raised over $15.50 million in presale.
Key Takeaways
The Bitcoin price has had a tough time in the last couple of months, and even with positive news, it will take time to regain previous levels. In the meantime, due to investors finding new mutual opportunities, DTX Exchange is proving to be of significant appeal due to its pre-sale success. With 2x listing gains, an expert projection of 1,500% gains is a major attraction for the presale.
While the long-term impact remains to be seen, DTX Exchange appears poised to be the best ICO in the market, offering a unique platform, innovation, and the ability to expand in a big market.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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