After a long period of consolidation, the cryptocurrency market has seen Bitcoin break out to a new all-time high. The BTC price has surpassed the previous high of $73,805, reaching a new high of $75,383 today. This momentum in BTC price has come after seven months of consolidation.
Meanwhile, Shiba Inu has also shown some strength with 6% in the last 24 hours, however, as compared to other memecoins SHIB price still needs to gain momentum to cover the gains. DTX Exchange is a project that has shaken the crypto community with a record-breaking speed and its price appreciation by 300% and is aiming to rise higher standing as a solid competitor of Bitcoin.
US Election Sparks BTC Price Surge What’s Next?
Bitcoin has reached a new record high as traders anticipate a win for Donald Trump in the U.S. presidential race, viewing him as a pro-crypto candidate. Bitcoin is benefiting from its reputation as an inflation hedge, while investors in other cryptocurrencies and Coinbase are optimistic about a more supportive regulatory environment, as Trump has promised on the campaign trail.
BTC’s price has been rising steadily since it reached a low in September. BTC price’s higher high and higher low formation is a clear indicator of the bull market reversal in the crypto market and the coin itself. BTC price made a fresh high in 2020 and increased 380% before topping out, it will be interesting to see the formation of price action after the current high.
Shiba Inu Team Warns Of Potential Threats
Shiba Inu’s community is strong but often targeted by scammers looking to steal funds. Earlier this week, Shibarium Trustwatch alerted users that the SHIB-related meme coins, SHI and TREAT, aren’t live yet. This means people should avoid anyone claiming otherwise or offering risky opportunities.
On technical analysis, Shiba Inu’s price jumped over 7.3% and is now approaching the completion of the inverse head and shoulder reversal pattern. If SHIB can break above the main resistance of this pattern and close above $0.000021, it could rally 37% to reach the May high. However, if SHIB fails to break above this resistance, this bullish outlook will be invalidated.
DTX Presale Demand Rises After Crypto Market Pump
DTX Exchange is moving quickly to revolutionize the trading exchange industry through cutting-edge technology and end-to-end solutions for traders and investors. DTX Exchange sets itself apart by providing nearly every financial instrument on its platform. Crypto exchanges like Binance only offer crypto trading, while DTX Exchange offers trading of various assets like stocks, forex, commodities, and modern investment tools like RWAs.
DTX Exchange (DTX) combines community-focused strategies to offer passive income and governance rights. The platform aims to boost community engagement with its 3% VIP Rebate System. DTX also provides advanced features, including automation, algorithmic and quantitative trading, real-time analytics, and risk management tools designed to enhance the trading experience.
The DTX presale has garnered over $6.7 million in investment in the fourth phase, and the current price is $0.08. According to the team announcement, the listing price is set at $0.20, which makes a 150% easy return as the platform launches in December. Also, according to price action analysts, this is just a start, and the DTX token can replicate the gains of Bitcoin after the launch.
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