In the last 24 hours, the BTC price has again surpassed the $97,000 high in an attempt to break above $100k. While the BTC price is gearing up for the next leg, experts think ETH could lead to the next uptrend. In the last few weeks, spot Ethereum ETFs have recorded positive inflow, which could support the ETH price.
Other potential ERC-20 altcoins, like DTX Exchange (DTX), are also expected to perform extraordinarily. DTX Exchange has seen rapid developments recently, and the launch is coming soon, after which DTX token price can skyrocket.
The BTC price made the recent high of $99,860 on 22nd November; afterward, it traded in a converging triangle pattern with resistance at $98,500. On 26th November, it made an undercut on 10 days moving average but quickly rose above average and has been surfing above it since then.
With the consolidation of the BTC price, the volume has dipped below the average in the last three days. This volume action indicates volatility decreasing in the consolidation phase. Volatility contraction patterns usually break out after the dryness in volume, which can be observed in the BTC price. If Bitcoin breaks down upside, it can achieve the $100,000 target for the first time.
Spot Ethereum ETFs in the U.S. have gained significant traction and delivered strong performance over the past week. They wrapped up November on a high note, marking spot Ethereum ETF’s best 30-day stretch since launch. This growing investor confidence also boosted ETH’s price, which crossed $3,500 for the first time since July.
According to SoSoValue’s latest market data, U.S.-based spot Ethereum ETFs recorded a net inflow of $333 million on Friday. This set a new single-day record, surpassing the previous high of $295 million on November 11. Spot Ethereum ETF inflows have surpassed Bitcoin inflows for the first time since ETFs began trading. This shift could signal something deeper and more significant than it appears at first glance.
Investors seeking diversification in different asset classes and instruments with different aggressive or defensive strategies can now choose DTX’s multi-asset trading platform. DTX Exchange includes all the liquid assets for investment, and users can easily find popular assets like stocks, crypto, forex, etc.
The major attraction for investors has been investing in various large-cap crypto ETFs, which provide consistent returns with less risk. The 1,000x leverage features make them more beneficial because, with small funds, you can make large positions and generate consistent income.
DTX Exchange’s presale is in stage 6, and the token is priced at $0.12. The project has raised over $9 million with 17,200 holders of DTX tokens. DTX holders will also enjoy huge discounts on trading fees on the platform. DTX tokens have the potential to grow at an exponential rate, which makes a great opportunity for retail traders.
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Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses.
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