BTC price increase knows no bounds! Analysts are astonished by the rapid ascent of Bitcoin (BTC) price in this bull run. Some are seen questioning whether Tesla will accept BTC again! Just like BTC price, Dogecoin (DOGE) and DTX Exchange (DTX) are also on the rise! The market rally is pushing these altcoins to new highs.
BTC’s price rally shows no signs of slowing as it closes in on the $90,000 milestone, staging its strongest weekly performance since the U.S. banking crisis in 2023. The leading cryptocurrency reached $88,879 on November 11, marking a 29% increase over the past week, according to Cointelegraph data.
This performance of BTC price, highlighted by K33 Research’s Vetle Lunde, marks Bitcoin’s best seven-day return since the March 2023 collapse of Silicon Valley Bank and the liquidation of Silvergate Bank.
The recent election of Donald Trump has further fueled BTC’s price ascent. Investors are anticipating more business-friendly policies and potential pro-crypto regulations, which Hayes suggests could push BTC prices even higher.
He speculates that quantitative easing under Trump’s administration could drive the BTC price past the $1 million mark. Hayes explained that a large-scale increase in U.S. credit could lead to a demand surge for safe-haven assets like Bitcoin, as global investors seek protection against inflation and financial instability.
Much of the current rally has been fueled by bullish sentiment around the meme’s endorsement by technology entrepreneur Elon Musk in the Trump administration. Dogecoin’s (DOGE) technical indicators suggest another 50% price surge in the coming weeks.
Notably, the top meme coin, DOGE, is forming a classic bullish pattern known as a bull pennant, hinting at continued upward momentum. Its upside outlook aligns with President-elect Donald Trump’s recent announcement appointing tech mogul Elon Musk and entrepreneur Vivek Ramaswamy to lead a new “Department of Government Efficiency” (D.O.G.E.) in his administration.
On the four-hour chart, Dogecoin is consolidating within a converging triangle pattern that appears like a bull pennant. Notably, bull pennants form after steep price rallies and resolve when the price breaks above the upper trendline and rises by as much as the size of the previous uptrend.
Dogecoin is inching toward the triangle’s apex as of Nov. 13, eyeing a breakout above the upper trendline. If it does, the DOGE price can rise toward $0.595, roughly 50% above the current price levels.
DOGE’s upside prospects have improved further due to Trump’s Nov. 12 announcement that Elon Musk and Vivek Ramaswamy will lead a new “Department of Government Efficiency” in his second administration.
The idea that a government department’s initials align with the DOGE ticker symbol provides a humorous and meme-worthy narrative that aligns with Dogecoin’s identity as the “joke cryptocurrency.” Traders are merely buying into the hype D.O.G.E. agency may create for Dogecoin during the Trump presidency.
Under two months of launch, the DTX Exchange has achieved another milestone by accumulating $7.4 million in the fourth stage of the presale. Huge demand for DTX presales picked up with the launch of the Phoenix Wallet, which has ranked among the top secured wallets in the exchange market.
The Phoenix wallet offers multiple features, such as borrowing and staking, in the DTX ecosystem. It also has a simple interface with smooth transactions and instant withdrawal features. This wallet supports the DTX Exchange’s multi-asset trading; traders can trade over 100,000 instruments in both traditional and digital assets.
Another noteworthy feature of DTX Exchange is the 1,000x leverage, which allows a trader to make large positions with small capital. DTX Exchange has greatly emphasized security, as Solidproof, the best auditing company, audits it.
Currently, the DTX token is priced at $0.08, and the listing price is fixed at $0.2, which gives DTX 150% upside potential in less than a month. Also, this is the last opportunity to grab DTX tokens at a discounted presale price.
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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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