Bitcoin And Ethereum Slips As DTX Exchange Continues To Receive Huge Influx Of New Investors
The post Bitcoin And Ethereum Slips As DTX Exchange Continues To Receive Huge Influx Of New Investors appeared first on Coinpedia Fintech News
Ethereum and Bitcoin prices have been fluctuating recently as a result of their high volatility. Both cryptocurrencies started off the week on bearish trends, witnessing massive declines which affected the broader crypto market, dropping the total market cap to $2.06 trillion. However, amid the market fluctuations, the DTX Exchange continues recording a massive influx of investors.
Bitcoin (BTC) Struggles To Surpass Resistance
In the midst of a severe crypto market dip on Sunday, Bitcoin slipped below $60,000. It had an opening high of $61,868 but reached a low of $58,315 during this day alone. The broader crypto market also dropped by 3.18%.
Nevertheless, the global cryptocurrency trading volume increased by 7.53%, whereas the Bitcoin price fear and greed index indicates fear at 30 as it lost 13.9% in the past two weeks alone. However, all eyes are on the upcoming CPI rates that are expected to influence the direction of the market.
A CPI rate reading that is below 3% could indicate a potential market surge and redeem the bitcoin price from its current state. Conversely, it would mean increased pressure on the already dwindling bitcoin price if it surpasses 3.1%. Currently trading at $60k, the Bitcoin price would need to break through the $62,500 resistance level to end its downturn.
Ethereum (ETH) Faces High Volatility
Ethereum (ETH) also experienced a sudden drop on Sunday, slipping to $2,540 after having briefly attained $2,720. As of press time, Ethereum has risen 3.48% to $2,732.43 in the last 24 hours but is still struggling to keep momentum as it trades below the 200-day simple moving average.
Having witnessed only 13 green days in the past 30 days, the overall price sentiment for Ethereum remains bearish, as technical indicators like the fear and greed index at 30, indicate fear, the RSI at 25.75, and the MACD indicates further bearish trends.
With Ethereum’s recent performance, it is lagging behind Bitcoin, reflecting the broader market unease. While Ethereum experiences these challenges, a stand-out altcoin, DTX Exchange continues to witness an influx of new investors in spite of the market volatility.
DTX Exchange (DTX) Records Massive Influx Of Investors
As Ethereum and Bitcoin prices declined, affecting the broader market, DTX Exchange defied the bearish trend, as it recorded a massive influx of crypto investment, with over 66% of the stage 2 presale tokens sold. This influx of investors comes on the heels of a successful private seed round and the platform’s impressive features.
Moreover, investors have noted that they are drawn to DTX Exchange’s privacy features, which allow anonymous transactions without KYC checks, as well as the reduced trading fees, premium features and 1000x leverage on select assets including CFDs which DTX offers, making it a hot spot for crypto investment.
The affordable stage 2 presale price of $0.4, along with referral rewards of up to $1000 and a signup bonus of 25% using the “DTX25” code, further boosts its appeal. With the strong presale momentum, DTX has positioned itself as a prime choice for those looking to diversify their crypto investment portfolios, and experts predict a rally to $1 at launch.
Key Takeaways
DTX Exchange is attracting investors en masse with its amazing investor benefits and the promise of significant returns amid Ethereum and Bitcoin price decline.
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