The upcoming economic status report release may impact Bitcoin (BTC) negatively. The cryptocurrency market is already experiencing volatility, forcing investors to seek more profitable opportunities. While that is happening, increasing investor demand for DTX will help progress its coin presale 2024.
Explore Bitcoin (BTC) and DTX Exchange (DTX) public presale.
Bitcoin (BTC) Holders Await Price Drop With Inflation Data Release
Between May 24 and May 29, Bitcoin (BTC) jumped 1% from $67,928.13 to $68,852.46. However, market experts on May 30 warned of an impending Bitcoin drop ahead of the release of US inflation data on May 31. Following the announcement, Bitcoin (BTC) fell slightly to $67,118.08 on May 30.
Because market movements are sensitive to economic news, traders avoid the market, lowering activity, demand, and price until they clearly see how the news may impact their investment. Inflation data indicates future fiscal and monetary policy, which can impact investor sentiment and cash inflows.
Therefore, market experts predict a Bitcoin drop to $65,000 after the data release. If the news results in widespread bearish market sentiment, analysts warn it may fall to $60,000, which will likely find a solid support level.
Meanwhile, on-chain analytics show a resurgence in the uptake of long-term holders of Bitcoin (BTC) who have been on a prolonged sell-off period, cashing in their profits. Experts suggest they are buying the dip with their eyes on Bitcoin’s (BTC) future. Experts suggest it may help counter the impending Bitcoin drop from the news.
Despite the imminent drop in Bitcoin’s (BTC) value, price predictions remain bullish, forecasting a $80,000 valuation by the end of the year.
DTX Public Presale Advances As Uptake Surges Amidst Massive Profitability Prospects
DTX, an upcoming best crypto for beginners, attracts investors to its ongoing public presale by promising massive ICO profits. DTX is a decentralized investment products marketplace that enables investors to trade a range of popular investment products, including cryptocurrencies, commodities, derivatives, options, forex, and 120,000 other products, profitably and securely.
Built on the Ethereum blockchain, crypto enthusiasts can acquire DTX tokens easily using the ERC-20 protocol. Moreover, DTX relies on Ethereum’s architecture to enable fast and secure transactions, automation with smart contracts, an on-chain order book, non-custodial wallets, and platform scalability. Further, the blockchain backbone enables seamless interoperability and low fees powered by DTX tokens for gas and voting.
Crypto enthusiasts have impressively taken to DTX and subscribed to its public presale. Besides its 500% ROI promise, its favorable tokenomics and a successful earlier private sale convinced savvy crypto enthusiasts of its potential.
So far, DTX’s public presale is in Round 2. In only a few days, it has raised over 20% of its $2 million target. Its low token valuation at $0.04 in the current round attracts numerous investors to DTX. As the presale progresses, Round 2 buyers expect a 50% price increase when it gets to the next stage and a 200% gain when it reaches its DEX listing price of $0.12.
