The BTC price has fallen 7% from the high of $102,736 on Tuesday amid the job economic data sending a chill across the cryptocurrency market. Major cryptocurrencies like Cardano (ADA) plunged as the reports emerged. Traders were hoping for a solid start in 2025 but are now liquidating positions from losing coins.
Meanwhile, the viral DeFi coin DTX Exchange was able to take advantage of the liquidation across the market, as it experienced a substantial increase in its presale figures. While traders await the good Bitcoin news to revive the previous rally, early investors in the DTX Exchange have already made 600 percent ROI.
BTC Price Prediction: What’s the Next Support?
Despite the massive ETF inflow creating positive Bitcoin news, the price has dropped over 7% in the last two sessions. On Monday, the BTC price climbed to six figures; however, the economic effect again dragged it below. A pullback at this point could test the $94,000 support level, with support from the ascending trendline. The BTC price has formed a head-and-shoulder bearish pattern with a neckline at this support, making it a significant level to watch.
Source: CoinMarketCap
In another Bitcoin news, Nigel Green, CEO of Devere Group, shared his thoughts on the U.S. in the possible accumulation of $400,000 bitcoins in 2025. He considered it possible to trigger the so-called bull run and to reshape the global market. It is expected that this action on the part of the U.S. will have a big effect on the digital culture market and it might push the BTC price to unprecedented highs.
Cardano (ADA) Loses $6 Billion in Market cap
Cardano (ADA) dropped 15% from its previous swing high, dragging its market capitalization down to $34 billion from the recent high of $40.42 billion. It is currently trading at $0.97, having decreased 11.34% in the last 24 hours. With this drop, the bullish structure in Cardano (ADA) has been invalidated which it tried to form since the start of 2025.
The digital currency analyst Peter, in his analysis, suggested that if Cardano (ADA) holds above $1 for a longer period and breaks through the resistance level at $1.20, then more buying activity could be prompted ultimately resulting in an even higher price target. Positive developments in Cardano (ADA), like TVL, have increased from $400 million to $520 million, and whale interest could help the price in the future.
DTX Exchange (DTX) Set For Monster Gains in Q1 2025
Amid the bearish pressure setting up in Bitcoin (BTC) and Cardano (ADA), DTX Exchange (DTX) is taking over the crypto world as an emerging leader in the DeFi sector. It introduces a unique hybrid platform with advanced and innovative trading tools to empower traders for better profitability.
The platform stands out in the cryptocurrency market with its unique blend of traditional assets like stocks and forex and digital assets like crypto and RWAs. DTX Exchange is powered by the VulcanX blockchain, which has an estimated TPS of 100,000.
DTX recently added a non-custodial Phoenix Wallet to facilitate smooth and safe asset management. A major plus to this platform is the enhanced margin, which allows traders to easily increase their positions by up to 1000x, depending on the margin.
Due to its remarkable offerings, the DTX presale has attracted significant interest. In the 7th stage, $11.46 million was collected. After the listing, the token is projected to skyrocket from its current price of $0.14 to $5.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Buy Presale
Visit DTX Website
Join The DTX Community
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