The price of Bitcoin has decreased by 7% from its peak of $102,736 on Tuesday, with troubling job market data sending jitters through the crypto sector. Key cryptocurrencies like Cardano (ADA) tumbled following the news. Traders who had anticipated a robust start to 2025 are now unloading their positions in underperforming coins.
In contrast, the popular DeFi token DTX Exchange capitalized on the widespread sell-off in the market, seeing a notable boost in its presale numbers. While traders await positive Bitcoin developments to reignite the previous surge, early backers of DTX Exchange have already enjoyed a 600% return on investment.
BTC Price Outlook: Identifying the Next Support Level
Even with the substantial ETF inflows generating optimistic Bitcoin news, the price has declined over 7% in the past two sessions. On Monday, Bitcoin reached six digits; nevertheless, economic factors pulled it back down. A correction now could test the $94,000 support mark, backed by the rising trendline. BTC has formed a bearish head-and-shoulders pattern, with its neckline at this support, which makes it a crucial level to monitor.
Source: CoinMarketCap
In additional Bitcoin news, Nigel Green, the CEO of Devere Group, commented on the potential for the U.S. to acquire 400,000 bitcoins by 2025. He believes this could spark a major bull run and transform the global market landscape. This move by the U.S. is anticipated to significantly impact the digital culture market, potentially driving BTC prices to new heights.
Cardano (ADA) Sees $6 Billion Market Cap Decline
Cardano (ADA) has plummeted 15% from its recent peak, reducing its market capitalization to $34 billion from the previous high of $40.42 billion. Currently priced at $0.97, it has dropped 11.34% over the past 24 hours. This decline has disrupted the bullish pattern Cardano (ADA) was attempting to establish since early 2025.
Digital currency analyst Peter suggests that if Cardano (ADA) remains above $1 for an extended period and surpasses the resistance at $1.20, it could stimulate more buying, possibly leading to a higher price target. Positive developments for Cardano (ADA), such as an increase in TVL from $400 million to $520 million, along with growing whale interest, could positively influence its price in the future.
DTX Exchange (DTX) Poised for Significant Gains in Q1 2025
Amidst the bearish trends affecting Bitcoin (BTC) and Cardano (ADA), DTX Exchange (DTX) is emerging as a prominent player in the DeFi space. It offers a unique hybrid platform equipped with advanced trading tools, enhancing traders' profitability.
DTX Exchange distinguishes itself in the crypto market with its innovative combination of traditional assets like stocks and forex, alongside digital assets such as crypto and RWAs. The platform operates on the VulcanX blockchain, featuring an estimated TPS of 100,000.
Recently, DTX introduced the non-custodial Phoenix Wallet, facilitating secure and efficient asset management. The platform's enhanced margin capabilities allow traders to significantly increase their positions, up to 1000x, depending on the margin.
Owing to its impressive features, the DTX presale has generated considerable interest. In its 7th stage, it amassed $11.46 million. Following its listing, the token is expected to surge from its current price of $0.14 to $5.
Discover more about DTX Exchange (DTX) by exploring the links below:
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice
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