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The crypto market continues its bull cycle despite BTC‘s price consolidating in a wide range of $91,000-$99,000 over the past 7 days. Among the top coins, Hedera Hashgraph (HBAR) stands out with its 50% gain in the last 24 hours. Meanwhile, Hedera surged 166% in the past week, making its run one of the best since November. Investors invested $6.87 billion in November in the Spot Bitcoin ETF as the BTC price rose 39% to $99,000 for the first time. As markets continued to rise, BTC prices stayed under the $96,000 price range as traders consolidated their positions. Among the upcoming ICOs, DTX Exchange (DTX) is getting noticed due to its high utility offering and the market response to its pre-sales activities. The altcoin has raised $9.3 million in Stage 6, giving early investors a 100% return on their funds. Spot Bitcoin ETF Charge Ahead as BTC Price Stalls Before Take-off over $100K Spot Bitcoin exchange-traded funds rose by billions of dollars as high BTC prices supported the market bull run. Institutional and private investors poured billions of dollars into spot Bitcoin ETFs brought in the last week of November following an interest rate cut by the Fed. Source: CoinMarketCap Spot Bitcoin ETFs have experienced straight inflows for several days as markets prepare for the upcoming rally. However, BTC’s price seems coy and has stopped shy of the landmark $100K price several times, raising fears of an extended wait time for investors. Hedera Hashgraph (HBAR) Investors Delighted with 721% Growth Hedera Hashgraph (HBAR) is a sustainable, enterprise-grade public network for the decentralized economy that permits individuals and businesses to create powerful decentralized applications (DApps) on its network. It is designed to be a fair and more efficient system that addresses some of the limitations that older blockchain-based platforms face, like slow performance and instability. Source: CoinMarketCap Hedera investors had a dream run with their altcoin, which rewarded them with a sustained 721% rally for the month. What is amazing is that the BTC price stumble in late November did not affect HBAR’s progress to the top. The seven-day charts show gains of 164%, while daily charts show a 45% gain. Multi-Utility DTX Exchange (DTX) Closes Pre-Sales with 80% Gains As the crypto markets continue to explode, investors are looking for coins that will earn high returns on their investments. Among the available options, DTX Exchange (DTX) is dominating the list of cryptos to add to any portfolio despite being in its presale stage. The DTX Exchange network is supported by a hybrid blockchain, VulcanX, which has a proprietary design for maintaining the DTX platform’s operation. It is also supported by the Phoenix Wallet, which enables direct transactions, eliminating the need to register for KYC and allowing the underbanked population to invest freely through the platform. The best part of using DTX Exchange is that some of the assets offered have up to 1000x leverage options linked, and there are nearly 120,000 asset classes. The possibility of success will increase as more users will enjoy access to better market positions. Conclusion Hedera Hashgraph (HBAR) and BTC prices may continue to surprise the cryptocurrency market, but DTX Exchange is the clear pick in new launches. With its trailblazing trading capability of real-world assets, DTX Exchange is ready to launch into a trillion-dollar market. To know more about the DTX Exchange ecosystem, Check out: Visit Website Buy Presale Join Community 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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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bitcoin Technical Analysis: BTC Faces Towering $100K Sell Wall, Market Awaits Next Move
Bitcoin, trading at $98,772, is riding a bullish wave, but traders should stay sharp as critical resistance looms near $100,000. The market’s behavior hints at a mix of sideways moves and the potential for exciting breakouts. Bitcoin On the 1-hour chart, bitcoin recently climbed to a local peak of $99,250 before pulling back. The retreat, NullTx
Altcoins In The Spotlight As Bitcoin Dominance Flashes Sell Signal
The biggest cryptocurrency in the world, Bitcoin is losing its hold on market supremacy, therefore changing the crypto scene. Analysts believe cryptocurrencies may soon take the spotlight as their market share drops to 55.80% and a confirmed sell signal flashes for the first time since 2020. As Bitcoin’s price battles to sustain its momentum and falls below important trendline support, this sentiment picks traction. Related Reading: XRP Still Below Its All-Time High As Crypto Explodes 107%, Psychologist Says Bearish Signals Trigger Altseason Conjecture The relative strength index (RSI) indicating Bitcoin’s dominance is trading below its midline, therefore reinforcing negative expectations. Such situations have historically cleared the path for what is known as “altseason”—a time when other cryptocurrencies shine above Bitcoin. Experts contend that capital from Bitcoin could move into altcoins, generating instability and fresh investing prospects. The sell signal has just flashed on the Bitcoin dominance for the first time since 2020 Let the real fun of #ALTSEASON begins pic.twitter.com/R9QeCO69YH — Mikybull ????Crypto (@MikybullCrypto) December 3, 2024 This trend corresponds with the lowered holdings among long-term Bitcoin investors, hence it is not only theoretical. Recent data from IntoTheBlock shows that wallets containing Bitcoin for more than 155 days currently only possess about 12.45 million BTC, the lowest number since mid-2022. These balances, declining almost 10%, point to some individuals cashing in gains or shifting their money to cold wallets. Bitcoin: Decline In Long-Term Holdings As the anticipated $100,000 goal for the alpha coin gets closer, Bitcoin’s price has run into strong resistance. Multiple failures at $97,500 have led to big drops. Bitcoin fell even more on Tuesday, selling around $93,940. This volatility is matched by a clear drop in long-term assets, which makes it hard to tell where the market is going. Bitcoin long-term holders are gradually reducing their balances, now holding 12.45 million BTC—the lowest level since July 2022. So far, this decline is less severe than in past cycles. Long-term holder balances have fallen by 9.8% this cycle, compared to 15% in 2021 and 26% in… pic.twitter.com/eA5Cckrgs4 — IntoTheBlock (@intotheblock) December 3, 2024 Although the present drop in holdings is less significant than those in 2021 or 2017, it draws attention to shifting market attitude. Some observers say this conduct shows purposeful repositioning by experienced investors trying to fit changing market conditions. Rare Bullish Signal Provides Hope Among Bearish Mood Even with the negative undertones, a rare bullish indication gives some hope. Recently in line with moving averages, the Spent Output Profit Ratio (SOPR) indicates that Bitcoin might rally in the next one to two months. Such signs are rare, only once or twice during an upward market cycle. Related Reading: Cardano To Hit $10? Analyst Thinks It’s Happening This Cycle Although the bearish pressure is still evident, experts note that these positive signals provide risk-tolerant investors some good possibilities. Consistent with past patterns following halving events, market observers are also preparing for a possible slump as January 2025 draws near. For now, the declining dominance and increasing volatility of Bitcoin highlight the need of a careful yet strategic approach. Whether it’s Altseason or a fresh Bitcoin surge, the next months could change the scene of cryptocurrencies. Featured image from DALL-E, chart from TradingView NullTx
