Bitcoin (BTC) has set the market on fire after its resounding rally has surprised all investors and whales. Meanwhile, Cardano (ADA) restored faith among investors after its trading value surged in the market.
However, the emerging deFi project DTX Exchange (DTX) made headlines after its $0.08 token shook the investor community with its resounding $7.33 million presale rally.
Cardano price has finally gone up and brought a moment of relief to its hopeful investors. According to IntoTheBlock, more than 50% of ADA holders now hold profitable positions. ADA has embraced this recovery after making a pattern that’s consistent with its history of rapid profitability trends. As of today, Cardano is trading at $0.57.
On the other hand, Cardano’s derivatives market has slowed down. Trading volume fell below 25.45%, and open interest declined by 10.95%. Additionally, the options market witnessed a surprising 92.94% drop in trading volume. This short-term dip indicates reduced market interest, which appears at odds with the optimism of top traders on platforms like Binance and OKX.
Source: CoinGlass
The long/short ratios on these exchanges are well over 2.0, which may indicate bullish sentiment among large investors. However, $11.19 million in long positions liquidated in the past 24 hours, which suggests potential volatility in the near term. Meanwhile, institutional investors made $34.26 billion in high-value transactions last week.
The Bitcoin price has reached a new all-time high of $89,517, pushing its market capitalization to a whopping $1.735 trillion, dominating silver’s $1.731 trillion. This rally has enabled BTC to secure its place as the world’s eighth-largest asset. The surge in Bitcoin’s value came after it briefly surpassed $89,000, hitting a colossal $89,517 before retracing.
This 9% increase in just one day is attributed to growing interest and the continued demand for spot Bitcoin exchange-traded funds (ETFs). Interestingly, Bitcoin has now overtaken silver twice this year, the first time being in March. Meanwhile, silver’s market cap has dropped by 6.24% over the past week, now at $1.732 trillion, while Bitcoin has soared by 30% in the same period.
Source: InfiniteMarketCap
The move signals a shift in how traditional investors view Bitcoin, with growing recognition of the cryptocurrency as a stable store of value, much like silver—though still far behind gold, which remains over 10 times larger than Bitcoin with a $17.65 trillion market cap. This rally is also linked to a shift in U.S. politics, where pro-crypto lawmakers are gaining traction. Investors are increasingly turning to Bitcoin as an alternative investment to traditional assets.
DTX Exchange (DTX) has become the one-stop solution to enable crypto investors to multiply their incomes with its cutting-edge blockchain technology. The platform’s ‘no-KYC policy’ enables traders to start trading instantly (and anonymously). For those who put privacy first, this no-KYC setup moves hurdles out of the way while still delivering security and compliance with global regulations.
Moreover, DTX Exchange’s lightning-fast execution speed of just 0.04 seconds ensures that its users are always ahead in the deFi sector. The platform’s rapid response time allows traders to capitalize on market fluctuations in real-time, ensuring that every trade is executed at the best possible moment. With DTX Exchange, investors lock in profits while others are still waiting for their trades to clear.
DTX Exchange (DTX) just outshined the crypto giant Cardano (ADA) with its mind-blowing presale success. The platform offers advanced quant and algorithmic trading tools designed to bring professional-level trading power to every user. With DTX’s convenient integration for automated trading, traders can capitalize on market inefficiencies and set sophisticated strategies into motion.
As Bitcoin (BTC) and Cardano (ADA) see new highs, DTX Exchange has already bagged more than $7.33 million in its ongoing presale. With over 75 million tokens sold and 125,000 unique holders, DTX Exchange is the next big in the market. Join now!
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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