Solana

Hybrid

Bitcoin

Show

Avalanche

Germany’s Bitcoin (BTC) sales and Mt. Gox’s reimbursements have stirred the pot, resulting in traders leaving popular altcoins like Solana (SOL) and Avalanche (AVAX) in favor of the increasingly secure DTX Exchange platform. These aggressive price fluctuations are rattling investors who are now looking for safer shores.
<h3 id="strong-blockchain-data-shows-2-2b-worth-of-btc-still-owned-by-germany-strong">Blockchain Data Shows $2.2B Worth of BTC Still Owned By Germany</h3>
Germany’s significant Bitcoin (BTC) holdings and ongoing liquidation efforts have shaken the market. According to data tracked by Arkham Intelligence, Germany’s BTC stash is at a staggering 39,826 BTC, worth approximately $2.2 billion. Such holding covers nearly 9% of BTC’s 24-hour trading volume of $25.3 billion, indicating a potential for further price turbulence.
Bitcoin’s spot price dropped nearly 20% to $56,490 within four weeks, with a steep 13% decline occurring in the past week. However, in a major sign of relief for bulls, Tron founder Justin Sun offered to purchase BTC from the German government off-market to mitigate the impact on BTC’s spot price.
<h3 id="strong-investors-look-towards-dtx-platform-for-hybrid-trading-features-strong">Investors Look Towards DTX Platform for Hybrid Trading Features </h3>
With the broader crypto market having rapid volatile movements, investors are now looking towards safer options. Hybrid trading exchange DTX has emerged as a significant choice with its ongoing presale.
The platform offers unified trading of crypto and traditional financial assets under the same umbrella, enabling users to trade their preferred assets under a unified umbrella. The licensed platform strictly complies with international financial regulations, ensuring a secure trading environment for its users.
<h3 id="strong-solana-sol-price-projection-future-outlook-strong">Solana (SOL) Price Projection &amp; Future Outlook</h3>
Amid the Bitcoin price downfall, Solana (SOL) has also not been immune to the turbulence. Over the past seven days, SOL’s price has dropped by 3.49%, bringing its current price to $140.89. Its market cap is $65.32 billion, with a 24-hour trading volume of $2.91 billion.
However, its 49.01 RSI indicates a market struggling to stabilize amid the downturn. The decline in SOL’s price reflects the overall market sentiment and the shifting preferences of investors looking for more secure investment opportunities.
<h3 id="strong-avalanche-technical-analysis-avax-dips-by-9-18-in-a-week-strong">Avalanche Technical Analysis: AVAX Dips By 9.18% In A Week</h3>
Avalanche (AVAX) has seen even deeper declines recently. AVAX is priced at $27 and has dropped by 9.18% over the last seven days. AVAX has a market cap of $10.65 billion and a 24-hour trading volume of $366.64 million.
Its RSI at 46.08 signals further potential declines as traders reassess their portfolios and seek safer alternatives.
<h3 id="strong-sol-whales-look-towards-dtx-in-turbulent-market-strong">SOL Whales Look Towards DTX In Turbulent Market </h3>
During the recent market crash, many traders have turned to the <a href="https://dtxexchange.com?utm_source=crypto-news-flash&amp;utm_medium=Sal2&amp;utm_campaign=53" target="_blank" rel="noopener noreferrer nofollow">DTX Exchange</a> platform for its robust security and innovative features. This DeFi project offers lightning-fast execution speeds, which work like a charm in a market where every second is highly important.
The platform’s ongoing presale has gained considerable attention after raising $865,000 within a matter of days. AVAX and SOL whales are rushing to become a part of the presale to grab tokens at $0.04 before the price increases in the next round.
Experts have labelled the platform as a potential gamechanger with the ability to integrate both web3 and traditional investors.
Learn more: 
<a href="https://dtxexchange.com?utm_source=crypto-news-flash&amp;utm_medium=Sal2&amp;utm_campaign=53" target="_blank" rel="noopener noreferrer nofollow">Visit DTX Presale</a>
<a href="https://dtxexchange.com/uploads/DTXExchange.pdf" target="_blank" rel="noopener noreferrer nofollow">Read Whitepaper</a>
<a href="https://t.me/DTXExchange" target="_blank" rel="noopener noreferrer nofollow">Join The DTX Community</a>
The post <a href="https://www.ethnews.com/bulls-show-resilience-as-sol-avax-rebound-despite-german-btc-fears/" rel="noopener noreferrer nofollow">Bulls Show Resilience as SOL &amp; AVAX Rebound Despite German BTC Fears</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Bulls Show Resilience as SOL & AVAX Rebound Despite German BTC Fears

Table of Contents

ETHNews

Другие статьи, опубликованные 10 июл. 2024 г.

Worldcoin Mainnet Launch 2024 Countdown Begins: Calling All Developers!

New Crypto Airdrops to Watch

BRICS: Brazil Imposes Heavy Tax on China!

Bitcoin Price Holds Strong Despite Germany’s $362M Sell-Off

Agoric Unveils Orchestration for Next-Gen Web3 Applications

PinEye Hits 0.5 Million Active Users in Under a Week

Join our free newsletter for daily crypto updates!