The post Sea of green in crypto as new exchange, DTX, raises $1.2 million appeared on BitcoinEthereumNews.com.

Cryptocurrency prices have staged a strong comeback this week as concerns about the Japanese yen comeback faded. After tumbling sharply on Monday, most of them have bounced back by double digits. Bitcoin has jumped from $49,000 to $62,000 while the combined market cap of all coins rose to over $2.1 trillion.  These coins rebounded as DTX Exchange, an upcoming hybrid platform, continued its token sale, raising over $1.2 million.  Bitcoin and altcoins have recovered Bitcoin and most altcoins rallied on Friday as sentiment improved and as the fear and greed index rose from the fear zone to neutral. Sui, the Binance-backed token, was one of the top gainers as it jumped by over 27% in the last 24 hours.  Helium, the Solana DEX, jumped by 20% while Celestia TIA rose by over 18%. Other top-performing tokens were meme coins like Brett, Pepe, and Jasmy. Ethena, Injective, and Stacks were among the other top gainers. This rebound happened as investors bought the dip in these cryptocurrencies, which they believe became highly undervalued. Also, it happened as other assets like stocks bounced back. Indeed, some indices like the Dow Jones, S&P 500, and Nasdaq 100 pared most of the Monday losses.  Technically, these assets crawled back as investors identified a highly bullish hammer pattern on Bitcoin’s daily chart. It also formed a bullish falling wedge chart pattern, which often results in a bullish breakout.  Additionally, these tokens rose because of the rising hopes that the Federal Reserve will cut interest rates as soon as in July. DTX Exchange token sale is thriving Meanwhile, investors are now focusing on a brand-new hybrid exchange that promises better features than the existing platforms like Uniswap, dYdX, and Raydium. DTX has already raised over $1.2 million, and the tokens are selling fast as investors take advantage…

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Filed under: News - @ August 9, 2024 2:18 pm