While in BTC news, Bitcoin price briefly touched $100,000 before crashing below $96,000 amidst bearish sentiment, two projects: XRP and DTX Exchange are defying market pressure.
XRP’s price resurgence, boosted by favorable regulatory prospects, and DTX Exchange’s revolutionary approach to finance shows an opportunity even in a volatile market. Let’s take a closer look at the BTC news alongside XRP price and DTX forecasts.
Bitcoin Price Crashes Below $96K: What Triggered the Sell-Off?
In the latest BTC news, on January 8, 2025, the bitcoin price significantly dropped, falling below $95,000 after momentarily crossing the $100,000 threshold earlier in the week. The move coincides with a major sell-off by short-term holders, who transferred over 26,000 BTC worth around $2.4 billion to exchanges.
According to data from the market intelligence portal CryptoQuant, the main forces driving this market movement were short-term holders or individuals who had owned Bitcoin for fewer than 155 days. Due to their decision to transfer their assets to exchanges at a loss, these investors amplified market selling pressure.
The timing of this sell-off corresponds to Bitcoin price pullback from its recent approach to the $100,000 psychological barrier, a price point that has sparked significant interest from market participants and watchers alike.
Source: CoinMarketCap
Trump’s Pro-Crypto Policies: A Catalyst for Ripple’s XRP Bull Run
Since the U.S. presidential election on November 5, 2024, Ripple’s XRP price has experienced a significant surge, increasing by over 400%. The main reason for the surge is the expectation that President-elect Donald Trump would improve the regulatory environment for digital currencies.
Additionally, Ripple is currently in a stronger regulatory position in its court battle with the United States Securities and Exchange Commission (SEC). With increased acceptance and integration into the financial institutions, this may boost trust in XRP’s status as a non-security.
It’s also believed that Ripple’s recent approval of RLUSD, its stablecoin, by New York Money Services would increase the XRP price and encourage its use in Ripple’s online cash system. Having said that, it is crucial to acknowledge that the Bitcoin price market is still quite unstable.
Although Ripple’s regulatory landmarks and historical patterns may provide valuable insights, they may not ensure future results.
DTX Exchange: Revolutionizing Finance with Innovation
Another project after Ripple’s XRP price that is defying the bearish market pressure following the bitcoin price crash is DTX Exchange (DTX). It is a soon-to-be-launched platform that aims to tackle some of the most common problems that traders face routinely like high costs, a lack of asset variety, centralization, counterparty risk, and restricted access.
The platform plans to tackle these issues by bridging the gap between centralized and decentralized finance and bringing the best of them under one single platform. Their custody part is completely decentralized, yet the performance mimics a centralized exchange.
DTX Exchange (DTX) offers a wide range of assets including stocks, ETFs, forex, bonds, cryptocurrencies, and a lot more with an option of leveraging up to 1000x. This makes it a stellar combination, letting traders and investors have access to all of this from a single, unified interface.
Further elevating the game the platform makes use of its distributed liquidity pool to minimize slippage. Besides this, they provide high-end security, KYC policy regulation, ETF tokenization, high-profit potential, and a lot more that is yet to be revealed.
Final Thoughts
In the bitcoin news, the BTC price crashes below the $96,000 mark causing a significant market downturn. However, Ripple (XRP) has emerged as an exception alongside DTX Exchange (DTX) which is currently in its presale phase and is making quite a buzz as it recently surpassed a big milestone of collecting $11.5M in funding.
Each DTX token is available to be bought at a mere $0.14. This price point has generated big returns for its early investors and still has a margin to deliver 10x returns for those jumping on the ship now.
Check out these links for more information about DTX Exchange:
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