With the US elections just a week away, the rising support for pro-crypto Donald Trump and his support by industry leaders like Elon Musk have triggered a massive $72k rally for the Bitcoin price. While the broader altcoin market shows high volatility, the Bitcoin price shows resilience above the critical $70K support level with the potential to make a new all-time high.
Furthermore, the Spot Bitcoin ETF market experiences a massive surge in demand from major leaders like BlackRock. In this article, we’ll see how Spot Bitcoin ETF rally can influence Bitcoin price this month and why DTX Exchange can rally 1000% alongside BTC with its bullish presale momentum and anticipated Q4 listing
The Spot Bitcoin ETF market is blasting with inflows after recording the third-highest single-day influx of $870 million since its launch. BlackRock continues to lead with its Spot Bitcoin ETF recording $629 million in investments. Other firms like Fidelity, Bitwise, and Grayscale are led with record-breaking inflows this week after the Bitcoin price approached its all-time high.
Moreover, the SEC’s approval for NYSE to list Fidelity Wise Origin Bitcoin Fund, the ARK21Shares Bitcoin ETF, and the Grayscale Bitcoin Trust BTC has further escalated investor interest in the Spot Bitcoin ETF market. This surging global demand for Spot Bitcoin ETF products can significantly influence BTC’s way forward to a new all-time high this November.
Months ago, industry leaders like Arthur Hayes projected the Bitcoin price could soar to $150K. With the election season in full swing and Donald Trump favored to win, the stage is set for Bitcoin to enter a new era, crossing the six-figure mark and disrupting the financial landscape with unprecedented gains and renewed interest in crypto.
According to technical analysis after a 7% weekly surge, the Bitcoin price looks set to continue upward with a near-term resistance target of $84K. VanEck’s head of digital assets research, Mathew Siggel, noted that the current market conditions show room for sustained growth with all signs pointing at an ATH rally, unlike previous overheated phases.
DTX Exchange (DTX) is a top-tier investment for this bullish cycle as the hybrid tradFi platform advances with cutting-edge trading instruments and a vision to host large communities of traders on a single platform with end-to-end trading solutions. DTX Exchange boasts financial independence with decentralized securities and profit-building tools in its all-in-one trading platform.
Users can access 1000x leverage to gain higher market positions in more than 120k+ digital assets across 5+ asset classes hosted on its hybrid L1 blockchain. The DTX platform also incorporates passive income strategies and revenue-sharing models to motivate market makers to solve inherent liquidity concerns, faced by many conventional DEX platforms.
The high-speed DTX platform with a testnet record of 10,000 TPS and low gas fees has become a top favorite for large stakeholders globally. As its presale surges past $6.3 million in batch 4, investors rush to buy DTX tokens at $0.08 before its price skyrockets past $2 this election season after the Q4 listing announcement.
As Bitcoin price maintains a strong recovery above $70K amid record-breaking Spot Bitcoin ETF inflows, market sentiment leans decisively bullish for a decisive post-election rally. Meanwhile, DTX Exchange is breaking ground with its high-performance presale, capturing investor attention with its advanced trading features and robust testnet success. The emerging presale is positioned to shape the next phase of the Defi and yield high for early buyers under the influence of BTC’s bullish path forward.
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