In a dramatic trading session on Tuesday, Bitcoin (BTC) surged beyond $73,000 and then retreated from its nearly historic moment, approaching a new milestone. In what traders called one of the year’s most watched price swings, the cryptocurrency hit a high of $73,562, $175 off its March peak of $73,737.
Both Dogecoin (DOGE) and SUI are flashing buy signs in addition to Bitcoin (BTC), as both projects seem poised for the next step up. But a new coin is also getting poised to take off, and its viral presale has already brought in over $6.24 million. We’ll talk about this popular cryptocurrency alongside DOGE and SUI.
Bitcoin (BTC) Trading Volume Increases, BTC is Near its New ATH
Growing institutional interest, especially through Bitcoin ETFs introduced in January, has coincided with the latest spike. Strong institutional trust in the future of the leading cryptocurrency is demonstrated by the almost $1 billion in fresh investments that poured into funds tied to BTC last week alone, according to CoinShares.
With pro-crypto Trump establishing prediction markets, Bitcoin’s recent success has unexpectedly become a focal point in the next U.S. presidential election. After rising near $73,000, Bitcoin (BTC) saw a little retracement and ended the day at $72,261, up 3.40%.
Due to a spike in investor interest, the total daily trading volume of spot Bitcoin ETFs in the United States reached a record $4.75 billion on Tuesday, up from $3 billion the day before. At $870 million, daily net inflows also hit their highest level since the first week of June. IBIT, BlackRock’s spot Bitcoin ETF, garnered a lot of interest with a net inflow of $642.87 million, the most inflow in just one day in the previous seven months.
SUI Beats Solana and Ethereum in Inflows, Analyst Forecasts More Gains
Impressive inflows, which outpace those of Ethereum and Solana, support this notable surge for SUI and establish it as a key cryptocurrency to keep an eye on. The significant infusion of cash that SUI has drawn is one of the main factors contributing to its incredible surge. SUI had the most inflow of any significant chain during the past 24 hours, at $24.6 million, according to Artemis’ real-time data.
In contrast, Solana received $8.3 million in inflows, while Ethereum received $10 million. Along with significant inflows, the technical chart of SUI, created by cryptocurrency analyst @cryptclay, displays a bullish “Cup and Handle” pattern—a traditional shape that frequently indicates the possibility of more upward movement. The bullish mood has been strengthened by SUI’s successful retest of the pattern’s neckline following today’s surge.
Dogecoin Price Prediction: CNBC Makes Prediction About DOGE
After a huge three-day gain, the Dogecoin price is up more than 8% on Tuesday. The top meme currency may try to reach a new annual high in the days ahead due to the price spike.
The most recent Dogecoin price forecast, which was created and assembled by a group of knowledgeable specialists, projects that the price will rise rapidly in 2024. DOGE’s 2024 estimate ranges from a high of $0.2 to a low of $0.106.
The average Dogecoin price is predicted to be $0.110 in 2024, paving the way for greater prices in 2025. Additionally, CNBC predicted that the Dogecoin price will rise to $3. Furthermore, CNBC claims that SUI will hit $4 as soon as feasible and that Bitcoin will reach $85k.
Winner Coin of All Time: The DTX Exchange (DTX)
Because of its revolutionary breakthrough in the tradFi industry and its scalable infrastructure to transform traditional trading methods, DTX Exchange (DTX) is the most sought-after presale of 2024. Traders may profit from over 120k assets in various financial markets with its unparalleled 1000x leverage, risk assessment tools, and sophisticated automation in addition to quant and algo trading.
Following the announcement of its hybrid layer-1 blockchain, “VulcanX,” and surpassing well-known chains with 10,000 TPS testnet records, the project has garnered media attention. Additionally, DTX Exchange has advanced by offering its users a non-custodial wallet called “Phoenix” that allows them to have full access to their money in addition to a KYC-free verification mechanism.
Learn more:
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.