Market Celebrates Bitcoin’s $100K Milestone: Dogecoin and DTX Exchange Pump Higher With Record-Breaking Inflows 

The cryptocurrency market is buzzing with excitement as Bitcoin hits a major milestone, surpassing $100,000 for the first time. This surge has been fueled by growing investor interest and key market movements, including the launch of Dogecoin’s first ETP in Europe. 

As Bitcoin price rises, Dogecoin and the DTX Exchange are also experiencing record inflows, signaling increasing optimism in the crypto space. In this article, we will discuss the factors driving these trends and what to expect next in the market.

Bitcoin Soars to $100,000 as Trump picks crypto supporter for SEC Chair

President-elect Donald Trump’s choice of Paul Atkins, a supporter of cryptocurrency, to lead the US securities regulator helped push Bitcoin Price to $100,000 for the first time. The Bitcoin Price rose by as much as 6.1% to reach $103,801 on Thursday. Since Trump’s election on November 5, the overall cryptocurrency market has grown by around $1.3 trillion. His support for the crypto industry has made traders more hopeful.

Trump selected Paul Atkins to replace Gary Gensler, the current chair of the Securities and Exchange Commission (SEC). Gensler had taken a hard stance on cryptocurrencies after a market crash in 2022 revealed fraud and caused major losses. 

Jason Titman, CEO of the crypto brokerage Swyftx, said the rise in Bitcoin’s price was driven by “momentum.” He added that global trading volumes were higher than during the pandemic and that Atkins’ nomination added excitement to the market.

On November 22, Bitcoin Price was just a few dollars away from $100,000 but dropped back slightly before hitting that mark. Many people in the crypto community see $100,000 as an important milestone, showing that Bitcoin is a solid store of value and a hedge against inflation. 

Dogecoin makes European debut with new ETP, Eyes $0.64 growth

Dogecoin DOGE  has entered the European market with the launch of Valour’s first Dogecoin (DOGE ) Exchange-Traded Product (ETP) on Sweden’s Spotlight Stock Exchange. This ETP allows investors to buy Dogecoin in a regulated way, without actually owning the cryptocurrency themselves.

The launch comes at a time when Dogecoin is getting more attention, partly thanks to Elon Musk’s support. Dogecoin’s low transaction fees, usually under a dollar, make it attractive to traditional financial systems, which typically charge much higher fees and interest rates for credit card payments.

Over the past 7 days, Dogecoin has risen by 4.88%. If the positive trend continues, experts believe it could reach $0.64 by the end of the month. While DOGE  remains popular, Lunex Network is also gaining attention for its strong growth potential.

DTX Exchange accelerates ETF features and Presale growth

As Bitcoin’s price crossed $100,000, it had a ripple effect across the crypto market, including DTX Exchange. Since the launch of its presale crypto, DTX has been gaining significant traction, raising over $9.58 million in funding. This surge in interest mirrors the growing optimism in the broader crypto space, with DTX positioning itself as a strong contender in the market.

DTX is making significant progress toward finalizing the ETF trading features on DTX Exchange. In December 2024, they are launching the ETF Details page, which will serve as the primary interface for users to access detailed information about tokenized ETFs. 

DTX is also piloting the development of the token minting and burning workflow in their sandbox environment, which will enhance how the ETF smart contract interacts with the core backend services.

ETF Details Page Design

DTX Exchange have been working on several key features for the ETF Details page, including:

• NAV Display: Users will be able to see real-time updates of the Net Asset Value (NAV) for each token directly on the page.

• Composition Breakdown: A breakdown of each ETF’s composition will be provided, showing the top 10 stocks (e.g., AAPL, MSFT, AMZN) in an interactive pie chart.

• Historical Performance Data: Users will be able to view performance charts over various time frames, including 1-day, 1-week, and 1-year. There will also be expandable sections for advanced metrics like expense ratios, dividend yields, and trading fees.

DTX is selling quickly in Stage 6 of its public presale at $0.12, providing a 500% profit for early buyers who purchased at $0.02. Investors in Stage 6 will also enjoy a 100% profit once DTX is to be listed on mainstream markets at $0.24.

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