DTX Exchange (DTX) and Ripple’s XRP race to hit the $1 mark after Ethereum price suffered a slight correction amid the shift in broader market sentiment.
DTX Exchange (DTX) is poised to hit the $1 mark following the high-profile development of its L1 blockchain. Meanwhile, XRP is considering a possible closure of its legal dispute with the SEC under President Trump. Losing all the attention, Ethereum price has recently seen a slight correction in the network with hopes of a rebound as analysts see potential in ETFs.
Ethereum ETF Outflows Hit $3.24 Million on ETH Decline
After six days of steady inflows, Ethereum spot ETFs turned negative on November 14, losing $3.24 million in outflows. The move follows initial post-election optimism around President-elect Donald Trump, which previously fueled a surge in ETF inflows and outflows Ethereum prix.
ETF data shows mixed investor sentiment: While BlackRock’s Ethereum ETF saw an inflow of $18.87 million, Grayscale’s ETHE saw nearly $22 million in outflows. This divergence in fund flows suggests market uncertainty around Ethereum’s near-term movement as investor confidence fades.
Source: TradingView
The change in trend came amid a falling price of Ethereum, which fell 6% in the last 24 hours and lost more than $22 billion in market capitalization. The price correction reflects cooling sentiment as investors reassess the asset’s near-term outlook following the sharp 40% rally earlier in the month, which took ETH to a high of $3,400.
Ripple (XRP) Price Rises 15% as Gary Gensler Steps Down
XRP de Ripple Bitcoin has surged more than 15% in the past 24 hours, trading at $0.89 at the time of writing, making it the best performing asset among the top 100 cryptocurrencies. The rally extended its seven-day gains to 49%, marking its highest level since July 2023, as regulatory optimism fuels market sentiment.
The price rise coincides with speculation about a possible shake-up of the US Securities and Exchange Commission (SEC). Rumors on social media suggest that SEC Chairman Gary Gensler may resign, sparked by a recent memo in which he reflected on his tenure. The crypto community is anticipating significant regulatory changes as Donald Trump prepares for his second term.
Market participants also believe that Gary Gensler’s departure could cause the SEC to withdraw its appeal in the Ripple case, which could bring an end to this long-running legal battle. Gary Gensler’s term as head of the SEC is officially set to end in June 2025. However, speculation about an early departure intensified after President Donald Trump promised to remove him.
Members begin countdown as 5th DTX pre-sale phase kicks off
Members of the DTX Exchange supportive community provided a remarkable pre-sale to the platform. Believing in its first pre-sale round, DTX traders pushed its value from $0.02 to $0.10 in a stunning amount of time. DTX Exchange (DTX) is aiming for new highs in the near term as its fifth round of pre-sales kicked off with a strong rally.
According to community members, DTX Exchange (DTX) offers traders an all-inclusive hybrid trading platform that allows them to use the platform to the fullest. For example, its non-custodial wallet feature allows users to maintain control of their private keys and funds. This eliminates the need to trust a central authority with their assets and reduces the risk of potential network hacks.
Rivalry between DTX Exchange (DTX) and Ripple (XRP) faces a new ATH
While DTX Exchange (DTX) Ripple (XRP) has been winning hearts with its stunning pre-sale performance, and is moving closer to a potential rivalry with this new deFi project after climbing to $0.10 in a short time. However, analysts believe this hybrid exchange could eclipse Ripple with its platform built on Ethereum, insane trading features, and over 100,000 TPS.
DTX Exchange (DTX) is not just a trading platform; it is a hybrid crypto hub that brings together experienced investors and retail traders to create a useful and technologically advanced community. If you are looking for a next-generation Layer 1 protocol platform with cutting-edge trading features and high-priced profit opportunities, join DTX Exchange now!
Learn more:
Buy in presale
Visit the DTX website
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