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The crypto market experienced a major decline after the Fed rate cut announcement on December 18, leading to a significant drop in the BTC price and other altcoins. The meme market also faced a massive consolidation, with Dogecoin (DOGE) leading the loser charts with $10 billion outflows in 24 hours.
As the Fed has taken a cautious stance on future rate cuts, the panic sell led altcoins to bleed in a bullish cycle post-elections. While the BTC price and Dogecoin continue to retest critical support levels, a viral altcoin steals the spotlight as the next moonshot crypto after the anticipated exchange listing in 2025.
BTC Price Hits $98,000 Support Level as Panic Selling Sparks FUD
The BTC price faced a major blow after dropping 2.67% in the last 24 hours as the FOMC meeting sparked panic selling market-wide. Amid the market shake-up, the BTC price declined to hit the $98,000 level. However, immediate reversal gave hope to investors as it quickly reversed above the $100K level.
Despite the BTC ETF market performing well with notable inflows, the FUD sentiment in the market signals a bearish trend for the BTC price in the upcoming days. While traders focus on low-entry points this bullish cycle, the market reversal is imminent after stability. However, the BTC price is yet to break critical thresholds with low trader activity, hinting at a further downside in the next few days.
Dogecoin (DOGE) Sell-offs Surpass $10 Billion After 5.2% Drop
Dogecoin (DOGE) has suffered the most as major capital rotates into utility tokens during this bullish cycle. Furthermore, the two market crashes in December have significantly affected the DOGE price, leading traders to panic sell after a 5.2% drop in the last 24 hours due to FUD surrounding the Fed rate cut announcement.
While Dogecoin defends the $0.35 support level despite sellers pushing hard, experts have an optimistic attitude toward the DOGE memecoin this cycle. However, the surging capital rotation from Dogecoin after $10 billion outflows has traders on the edge of their chairs, as the $0.35 support test is critical for a decisive trend for the DOGE memecoin.
DTX Exchange Revives Traders’ Hopes With 10x Listing Potential
DTX Exchange (DTX) emerges as a standout ICO project in 2024 by combining traditional finance with decentralized economics and advanced trading technologies to create an all-encompassing platform for a growing community of traders. DTX platform delivers decentralized security protocols, profit-enhancing tools like 1000x leverage, and access to assets across cryptos, stocks, equities, and commodities under one roof.
The platform’s standout features include the hybrid layer-1 blockchain ‘VulcanX’. The hybrid platform also tackles liquidity challenges that plague conventional DEXs by integrating passive income strategies, a 3% VIP Rebate System, and revenue-sharing models, incentivizing market makers to enhance liquidity and participate in the platform’s growth.
With a proven testnet speed of 10,000 TPS and ultra-low gas fees, DTX has captured the attention of global stakeholders. As its presale crosses $10.4 million in its sixth batch, investors are flocking to purchase DTX tokens at $0.12, as they expect a potential price surge past $2 following the 2025 listing announcement during this bullish cycle.
Key Takeaways
As the market crashes after the Fed Rate Cuts, with the BTC price hitting $98,000 and $10 billion wiped out from Dogecoin (DOGE), traders actively seek low-cap alternatives with bullish growth prospects. DTX Exchange steals the spotlight as the next moonshot crypto and a hope for bleeding Dogecoin investors as experts predict life-changing gains after its mainnet launch due to its utility and innovative powers.
This is the final opportunity for traders to enter the DTX presale early and participate in the next trading revolution with the fastest-growing DTX Exchange.
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