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The recent Bitcoin news around ETFs and the BTC price reaching above $100k has grabbed the attention of market participants. Spot BTC ETF recently saw a 160% surge; however, the BTC price remained restricted to the $101,000 level.
In this bullish cryptocurrency market, previous leader Dogecoin (DOGE) has failed to break past the local barriers. However, some rising stars, like DTX Exchange (DTX), are stealing the spotlight with impressive performances.
BTC Price Attempts Breakout As ETF Inflow Surges
Bitcoin ETFs launched this year have generated significant Bitcoin news, pushing the BTC price from a September low of 52,500 to the current price of $100,355. Bitcoin ETFs saw inflows of $597.57 million on Thursday, a sharp jump from $223.03 million the day before—an increase of nearly 168%. This was the 11th straight trading day of inflows, bringing the total to over $4.4 billion during this period.
While this Bitcoin news continues, it will impact the BTC price, pushing demand higher. After the breakout from $100k, the BTC price is facing sideways momentum, currently trading just above this major level. BTC price reaching the $100k mark is the biggest Bitcoin news of 2024, while the achievement of $150k will be extraordinary for the whole crypto market.
Major Flaw in Dogecoin (DOGE) Network Crashes Majority of Nodes
A hacker exploited a critical vulnerability in the Dogecoin (DOGE) network, causing 69% of its nodes to crash. A Dogecoin (DOGE) monitoring platform reported that the number of active nodes dropped sharply from 647 to just 205—a 69% decrease. On December 12, Andreas Kohl, co-founder of the Bitcoin sidechain Sequentia, took responsibility for the attack, claiming he had caused the crash.
Nodes are the network’s backbone, ensuring transactions are verified and the system runs smoothly. This flaw could have led to a much bigger disaster. If the hacker had pushed further, the entire Dogecoin (DOGE) network could have collapsed.
In spite of the exploit, the price of Dogecoin (DOGE) was quite steady. At the same time, the community and developers of Dogecoin (DOGE) have been working busily to fix the problem. This event reminds us that the major role of cyber protection cannot be overemphasized.
DTX Exchange (DTX) Tops Chart With Blockbuster Momentum
While Dogecoin (DOGE) has faced security risks, investors are now diversifying into safer options like DTX Exchange (DTX) to mitigate the portfolio risk. With its revolutionary hybrid product, this unique trading platform is setting a new benchmark within the DeFi space. With the blockbuster momentum in the presale, DTX has raised an impressive $10 million.
The DTX ecosystem stands out because of its unique hybrid technology and advanced security features with the Phoenix Wallet. The hybrid protocol allows multi-asset trading in over 100,000 instruments. At the same time, Phoenix Wallet provides high security with cold storage and many security layers before access to the funds.
In the trading space, it is redefining the face of exchange with unparalleled features like 1,000x leverage and AI order execution at a speed of 0.4ms. Additionally, this platform allows users to trade tokenized ETFs, creating an ideal diversified portfolio.
In the sixth stage, the DTX token is trading at $0.12; analysts predict an incredible 550% increase by January 2025. However, this is just a short-term gain; experts predict up to 150X gains after it launches on main exchanges like Binance, Uniswap, and Bybit.
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*This article was paid for. Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2024/12/15/how-much-will-doge-dtx-exchange-surge-btc-price-hits-150k/