Bitcoin (BTC), the flagship cryptocurrency, experienced a major price drop of 4.54% within 24 hours, plunging to $61.4K. The unexpected Bitcoin price slump has investors scrambling for stability, with many seeking refuge in Tether (USDT) and the hybrid trading platform, DTX Exchange – enjoying a successful presale.
Created by Tether Limited, Tether (USDT) is designed to maintain a 1:1 value ratio with the US dollar, offering investors a safe harbor during turbulent market conditions. The project achieves this stability by backing each token with a corresponding fiat reserve, ensuring that USDT retains its value regardless of market fluctuations.
Amid Bitcoin’s price dip, USDT did not take much damage. Over the past seven days, USDT has experienced a minute price surge of 0.04%, bringing its current value to $0.99. It has a market cap of $112.89 billion and a 24-hour trading volume surging by 106.18% to $49.03 billion. The MACD level, at −0.00006, points toward a slightly bearish sentiment.
DTX Exchange is gaining traction as a premier trading platform for investors seeking diverse and secure opportunities as the crypto market weathers the storm of Bitcoin’s flash crash. DTX Exchange offers access to over 120,000 assets across various markets, including cryptocurrencies, forex, equities, and contract-for-differences (CFDs).
DTX Exchange’s premium trading features include 1,000x leverage on select assets, distributed liquidity pools, and a non-custodial wallet system. With lightning-fast execution speeds averaging 0.04 seconds, DTX ensures traders can capitalize on market movements without facing any delays.
Created by the pseudonymous Satoshi Nakamoto, Bitcoin (BTC) operates on a peer-to-peer network without needing a central authority. Over the years, BTC has grown from an obscure digital token to a mainstream financial asset, attracting retail and institutional investors. Despite its volatile nature, Bitcoin is the gold standard of cryptocurrencies, often dictating market trends.
The recent flash crash has highlighted Bitcoin’s inherent volatility. Within a single day, Bitcoin price dropped by 4.54%, falling to $61,444. This decline is reflected in its −1227 MACD level, signaling a bearish trend. Despite the downturn, Bitcoin’s market cap is at $1.21 trillion, with trading volume witnessing a dramatic surge of 192.16% to $23.22 billion in the last 24 hours.
Having raised millions in a private seed round and over $100K in a public presale within 48 hours, DTX is poised for booming growth. Currently, DTX tokens are selling at $0.04 each, with plans to increase the price to $0.06 in the next round. These milestone achievements highlight the network’s potential and the investors’ confidence in this hybrid platform.
As the Bitcoin flash crash reminds us of the market volatility, investors are showing interest in other lucrative options like DTX Exchange and USDT to diversify their portfolios. While Bitcoin price takes time to recover from this drop, DTX’s advanced trading features show dominance over other crypto giants with massive rallies and potential upside.
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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.
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