Bitcoin’s price surge has gained momentum following the election of Donald Trump as the next U.S. president. With the cryptocurrency currently trading just below $90,000, analysts are predicting that Bitcoin could reach $125,000 before Trump’s inauguration in January 2025. This increase in value is due to the rising demand for Bitcoin ETFs, continued demand from institutional investors as well as Trump’s campaign which supports cryptocurrency. Other altcoins include DTX Exchange (DTX), with fancied investment from investors because of the hybrid trading system.
Bitcoin’s Bull Run Driven by ETF Demand and Institutional Inflows
That Bitcoin’s price has risen this year can be attributed to the new spot Bitcoin ETFs that were introduced in January. These funds have attracted a lot of institutional investments, and BlackRock’s iShares Bitcoin Trust (IBIT) has attracted more than $40 billion. Consistent accumulation of funds into Bitcoin ETFs indicates extending trust in Bitcoin as an investment tool among many people who recognize it as “digital gold.”
In the days following Trump’s win, trading volume in a bitcoin ETF has grown, with record-setting inflow observed post the election. The report from Farside Investors showed that US spot Bitcoin ETFs received nearly $2bn in funds within just two days to back up Bitcoin’s price. Also, the rising demand for call option in $110K and $120K strike price proves that many traders believe the price of Bitcoin is set to rise even higher.
Bitcoin’s Price Outlook: Path to $125,000 Supported by Market Indicators
The technical analysis of the Bitcoin price of around $87,600 boosting a continuous high and CD also shows the same. However, the Relative Strength Index (RSI) is at 80 this makes the overbought level and the asset price might be due for a pullback within the short time frame. The $78,807 is cited as a possible support level in the case of bulls’ retracement.
Nonetheless, market conditions are expected to grow even more positively over the long term despite near-term prices highly likely to be subjected to further fluctuations. According to a recent report by QCP Capital, signifying a slight shift in capital from gold to Bitcoin is possibly going to raise its value, and in theory, go towards $97000. Now that institutions are interested and the retail traders are getting interested again, many think that $125,000 is reachable in the upcoming months.
DTX Exchange Captures Attention with Unique TradFi-DeFi Model
The dominant player in the market stays Bitcoin, however, the DTX Exchange seems to be a relatively new ambitious player in the market. Currently, in its presale, DTX has generated over $7.5 million of its revenue through selling DTX tokens for $0.08 each. DTX combines both CEX and DEX allowing trading with a variety of instruments, including crypto, stocks, and forex.
DTX exchange functions on the VulcanX blockchain it provides customers with leverage up to 1000:1 and non-custodial wallets as well as over 120K tradable assets. One of the key aspects that attracted the investors to the platform is its potential as a unifier of TradFi and DeFi space. As DTX continues to gear up for the public launch, expectations for its performance reveal that there could be up to a 75 times growth in the token price once the launch is complete.
Growing Market Interest in DTX Ahead of Public Listing
The dominance of Bitcoin has remained a possibility for a long time but DTX Exchange is one of the young platforms in the cryptocurrency business. The platform is still in its presale stage and airdropped over $7.5 in its DTX tokens where buyers could purchase them for $0.08 on average. DTX combines both CEX and DEX trading services, as it focuses on cryptocurrencies, stocks, and forex slices.
Established on the custom-developed VulcanX blockchain, the DTX Exchange provides up to 1,000x leverage, non-custodial wallets, and transactions with more than 120K assets. The fact that the platform connects TradFi to DeFi has made investors happy and has seen the company as a game changer in the crypto space. Great expectations for DTX as the firm continues to gear up for its public debut; some believe that there will be a 75 times increase in the tokens’ value as it goes public.
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