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A flood of investors in the spot Bitcoin ETFs push the BTC price to a remarkable high of $100,000. As BTC price turns bullish, altcoins also witness a surge in their momentum with Shiba Inu (SHIB) and DTX Exchange (DTX) set to lead the rally.
Shiba Inu (SHIB) sustains its bullish momentum despite some recent drops and reclaims back its previous highs while DTX Exchange’s distinct set of features makes it a DeFi king raising almost $10 million in the presale phase.
The impressive trajectory of both Shiba Inu (SHIB) and DTX Exchange (DTX) compels market experts to believe that they are ready to soar higher than the BTC rally!
Bitcoin came within striking distance of the historic $100,000 mark on reaching $99,654 on November 22. However, the BTC price has since shown signs of hesitation, struggling to push past this milestone.
BTC’s price experienced a brief dip last week to around $92,500. But it’s once again hovering around $96,000, with eyes set on the elusive $100,000 target. This recent upward momentum has been fueled by a surge in investor interest in spot Bitcoin ETFs, following notable outflows on November 25 and 26.
According to ETF Tracker Farside, spot Bitcoin ETFs saw significant inflows on November 27 and 29, totaling $103 million and $320 million, respectively. BlackRock’s iShares Bitcoin Trust (IBIT) led the charge, attracting $137 million, while Fidelity’s Wise Bitcoin Origin Fund (FBTC) followed with $106 million. This renewed enthusiasm for spot Bitcoin ETFs is helping to drive Bitcoin’s price push toward the six-figure milestone.
The Shiba Inu (SHIB) news reveals that the crypto market is now showing signs of a patchy recovery push following a short period of bearish pressure. As Bitcoin (BTC) collapsed from the $99,800 peak on Nov. 22, altcoins like Shiba Inu (SHIB) suffered.
Specifically, Shina Inu (SHIB) slumped to a low of $0.000023 on Nov. 26 amid a 6% drop in three days but eventually recovered. It rode on this rebound campaign to record a 15% spike on Dec. 1 but suddenly crashed by over 7% in the days that followed to retest the $0.000026 low.
However, it appears Shiba Inu (SHIB) is now leveraging the ongoing market push to eye greater heights as the BTC price hits $100,000. The meme coin witnessed a massive 14.82% price rally yesterday, soaring to a peak of $0.000033 before facing a pullback that has spilled into this morning.
Market data confirms that despite the previous occasional drops, Shiba Inu (SHIB) has maintained a bullish momentum since early November. The weekly chart indicates that Shiba Inu broke above a 7-week falling wedge when it spiked 54% in the first week of November. Thus, Shiba Inu (SHIB) is set to soar in this bull run.
DTX Exchange (DTX) is fast approaching launch as it concludes phase five of its presale and continues stage 6. Those who bought into it early are enjoying a 200% return as the token price moved to $0.12. With $9.5 million already raised, this is a project to add to your wallet even now.
DTX Exchange will facilitate trading over 120,000 financial assets, like commodities, stocks, crypto coins, etc. What is exciting is that the exchange will support direct trading between crypto and real-world assets.
Investors eager to support this project are now buying its native token, DTX. This DeFi coin is now worth just $0.12. However, once the presale concludes, this price will jump to $1, a 700% surge.
The hybrid platform integrates the best features of both centralized and decentralized exchanges. It includes smart contracts, distributed liquidity pools, and an on-chain order book, striving to connect conventional financial systems with the rapidly expanding crypto market.
DTX’s revenue sharing program, known as the VIP rebate program, will allow investors to earn up to 3% of exchange revenue from various sources like trading fees. The VIP rebate program’s staking feature adds an advantage for investors.
With it, investors can earn up to 33% APY, among the industry’s highest. These features help investors generate passive income and appreciate the price of assets. Thus, the emerging platform is set to soar just like BTC in this bull run.
The spot Bitcoin ETFs see a surge in investors, which drives the price of BTC to an all-time high of $100,000. Altcoins see a spike in momentum as the BTC price becomes positive, with Shiba Inu (SHIB) and DTX Exchange (DTX) expected to spearhead the rally. While DTX Exchange's unique set of characteristics makes it invincible, raising about $10 million in the presale phase, Shiba Inu (SHIB) maintains its bullish momentum and reclaims new highs.
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