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<div class="coinjournal">
 <ul>
 <li dir="ltr">Bitcoin price has dipped below $40k, extending intraday losses to lows of $38,620.</li>
 <li dir="ltr">Solana (SOL) is down 10% at the time of writing, trading near $79 as altcoins bleed.</li>
 <li dir="ltr">Pullix (PLX), a new hybrid exchange in presale, has raised over $4.2 million as it attracts investors.</li>
 </ul>
 The cryptocurrency market is mainly red today, with most top altcoins posting price movements that mirror the 4% dive witnessed in the Bitcoin (BTC) market. Per details on CoinGecko, the global crypto market is down 5% to $1.59 trillion as BTC price slipped to lows of $38,620. Solana (SOL) was trading below $80 as bears threatened to pull it further into the woods.
 As this happens, both the trading and presale market continue to prove attractive for buying opportunities. Pullix (PLX), a new hybrid exchange token in presale, is among those seeing huge investor interest.
 This <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="prediction" href="https://thebittimes.com/tag/prediction.html">prediction</a> article looks at the outlook for Bitcoin and Solana and what that means for PLX.
 <h2 dir="ltr" id="bitcoin-btc-price-under-pressure-below-40k">Bitcoin (BTC) price under pressure below $40k</h2>
 Amid the broader crypto weakness is the observable pressure that has hit Bitcoin price since the SEC approved spot Bitcoin ETFs and trading commenced on January 11, 2024.&nbsp;
 One of the biggest drivers of the sell-off has been the Grayscale dump that has seen the digital asset manager sell over $2.3 billion worth of BTC to handle GBTC share redemptions.
 
 <div class="fr-img-space-wrap"><img decoding="async" src="https://cdn.thebittimes.com/images/2024/01/23/d21e9b2c415c8d86a9ed4292f569ec97.webp" style="width: 100%" class="fr-fic fr-dib" width="600" height="302">BTC price reached lows of $38,620 on Tuesday.
 FTX, the bankrupt crypto exchange whose affiliate voluntarily dismissed a case against Grayscale, has led the G<a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a> outflows with over $1 billion.&nbsp;
 While BTC price held above the $40k mark in the wake of the spot ETF-driven pressure, Tuesday’s news that Mt.Gox creditors had confirmed their Bitcoin addresses ahead of a payout, catalysed fresh weakness.
 </div>
 BTC price could now retest lower levels, potentially $35k before establishing a new upside footing. Key to the bullish outlook for the flagship cryptocurrency is the upcoming BTC halving and falling pressure from GBTC dump.
 <h2 dir="ltr" id="solana-sol-price-dips-below-80">Solana (SOL) price dips below $80</h2>
 Solana (SOL) was one of the best performing altcoins as 2023 came to a bullish end, with SOL hitting highs above $123.
 Meme coin hype and overall growth in the Solana ecosystem saw the token stand out. The altcoin is however back below the psychological $100, extending losses below $80 in the past 24 hours as its value dipped 6%.
 While massive profit-taking has fueled the latest dive, repeated rejections at the key level mentioned above has SOL bulls staring at a potential breakdown towards $60. According to crypto analyst and investor Scott Melker (The Wolf of All Streets), SOL <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s could revisit the $50 area if things got “ugly.”
 Asset manager Franklin Templeton recently shared a bullish outlook for Solana, highlighting key metrics such as DeFi, meme coins and DePIN (Decentralized Physical Infrastructure Networks).&nbsp;
 If Solana bounces and reclaims the psychological level amid the potential bull market, it could become one of the best altcoin performers.
 <h2 dir="ltr" id="pullix-plx-price-outlook-as-presale-hits-4-2-million">Pullix (PLX) price outlook as presale hits $4.2 million</h2>
 Pullix (PLX) is set to launch a new hybrid exchange for DeFi, bring a solution to the ecosystem’s liquidity problem as it combines the best of centralized and decentralized <a rel="noopener noreferrer nofollow" title="exchanges" href="https://thebittimes.com/tag/exchanges.html">exchanges</a>.&nbsp;
 The hybrid exchange model allows Pullix to offer a unified trading platform where traders can leverage institutional-grade liquidity and trading tools while retaining full control over their assets. Apart from being non-custodial, attractive user features include copy trading, 2FA security options and slippage-free trading.
 The native utility token PLX will power Pullix’s “Trade-to-Earn” ecosystem, giving holders access to a unique revenue-sharing opportunity where traders can earn a share of the exchange’s daily revenues. For all daily revenue, Pullix will offer 30% to its customers – 50% will be shared via staking rewards and 50% in a token buy back and burn mechanism.
 As the platform moves towards its launch after the presale, interest in PLX has skyrocketed. Currently in stage 6 and with PLX presale price at $0.08, investors see an opportunity. Only 19% of tokens available in the current stage remain.
 With early adopters likely to see significant returns post-presale when Pullix launches on exchanges, now could be the time to buy PLX. You can get more details on how to go about it on the presale page.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-solana-pullix-price-prediction-as-btc-dives-below-40k-tbt77437.html">https://thebittimes.com/bitcoin-solana-pullix-price-prediction-as-btc-dives-below-40k-tbt77437.html</a>

Bitcoin, Solana, Pullix price prediction as BTC dives below $40k

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