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

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

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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.

Blockchain Data Shows $2.2B Worth of BTC Still Owned By Germany

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.

Investors Look Towards DTX Platform for Hybrid Trading Features

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.

Solana (SOL) Price Projection & Future Outlook

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.

Avalanche Technical Analysis: AVAX Dips By 9.18% In A Week

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.

SOL Whales Look Towards DTX In Turbulent Market

During the recent market crash, many traders have turned to the DTX Exchange 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:

Visit DTX Presale

Read Whitepaper

Join The DTX Community

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Ralf Klein is a computer engineer specializing in database technology, and as such, he was immediately fascinated by the possibilities of blockchain when he first heard about it, especially since this distributed, tamper-proof technology can be the foundation for much more than just cryptocurrencies. At ETHNews, he translates the articles of his English-speaking colleagues for the German readers. Business Email: [email protected] Phone: +49 160 92211628