{"id":25773,"date":"2024-01-23T13:03:56","date_gmt":"2024-01-23T13:03:56","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-solana-pullix-price-prediction-as-btc-dives-below-40k\/"},"modified":"2024-01-23T13:03:56","modified_gmt":"2024-01-23T13:03:56","slug":"bitcoin-solana-pullix-price-prediction-as-btc-dives-below-40k","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-solana-pullix-price-prediction-as-btc-dives-below-40k\/","title":{"rendered":"Bitcoin, Solana, Pullix price prediction as BTC dives below $40k"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1706014719669-7e404506-6f42-42ad-a829-c70e27884bf9-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1706014719669-7e404506-6f42-42ad-a829-c70e27884bf9-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1706014719669-7e404506-6f42-42ad-a829-c70e27884bf9-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/01\/1706014719669-7e404506-6f42-42ad-a829-c70e27884bf9-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Bitcoin price has dipped below $40k, extending intraday losses to lows of $38,620.<\/li>\n<li dir=\"ltr\">Solana (SOL) is down 10% at the time of writing, trading near $79 as altcoins bleed.<\/li>\n<li dir=\"ltr\">Pullix (PLX), a new hybrid exchange in presale, has raised over $4.2 million as it attracts investors.<\/li>\n<\/ul>\n<p dir=\"ltr\">The cryptocurrency market is mainly red today, with most top altcoins posting price movements that mirror the 4% dive witnessed in the <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin (BTC)<\/a> market. Per details on CoinGecko, the global crypto market is down 5% to $1.59 trillion as BTC price slipped to lows of $38,620. <a href=\"https:\/\/coinjournal.net\/solana\/\">Solana (SOL)<\/a> was trading below $80 as bears threatened to pull it further into the woods.<\/p>\n<p dir=\"ltr\">As this happens, both the trading and presale market continue to prove attractive for buying opportunities. <a href=\"https:\/\/pullix.io\/?utm_source=Coinjournal&amp;utm_medium=PR&amp;utm_campaign=1930\" rel=\"noopener noreferrer\" target=\"_blank\">Pullix (PLX)<\/a>, a new hybrid exchange token in presale, is among those seeing huge investor interest.<\/p>\n<p dir=\"ltr\">This price prediction article looks at the outlook for Bitcoin and Solana and what that means for PLX.<\/p>\n<h2 dir=\"ltr\">Bitcoin (BTC) price under pressure below $40k<\/h2>\n<p dir=\"ltr\">Amid the broader crypto weakness is the observable pressure that has hit <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin price<\/a> since the SEC approved spot Bitcoin ETFs and trading commenced on January 11, 2024.\u00a0<\/p>\n<p dir=\"ltr\">One of the biggest drivers of the sell-off has been the Grayscale dump that has seen the digital asset manager sell over $2.3 billion worth of BTC to handle GBTC share redemptions.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 600px\"><span class=\"fr-img-wrap\"><a href=\"https:\/\/www.tradingview.com\/x\/SaI7swr8\/\" rel=\"noopener noreferrer\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2024\/00\/23\/1706014811788-8d0d778e-8c5a-476e-b4c2-aa9314d2fa5f.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\" width=\"600\" height=\"302\"\/><span class=\"fr-inner\">BTC price reached lows of $38,620 on Tuesday.<\/span><\/a><\/span><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">FTX, the bankrupt crypto exchange whose affiliate voluntarily dismissed a case against Grayscale, has led the GBTC outflows with over $1 billion.\u00a0<\/p>\n<p class=\"fr-img-space-wrap2\">While BTC price held above the $40k mark in the wake of the spot ETF-driven pressure, Tuesday\u2019s news that Mt.Gox creditors had confirmed their Bitcoin addresses ahead of a payout, catalysed fresh weakness.<\/p>\n<\/div>\n<p dir=\"ltr\">BTC price could now retest lower levels, potentially $35k before establishing a new upside footing. Key to the bullish outlook for the flagship cryptocurrency is the upcoming BTC halving and falling pressure from GBTC dump.<\/p>\n<h2 dir=\"ltr\">Solana (SOL) price dips below $80<\/h2>\n<p dir=\"ltr\">Solana (SOL) was one of the best performing altcoins as 2023 came to a bullish end, with SOL hitting highs above $123.<\/p>\n<p dir=\"ltr\">Meme coin hype and overall growth in the Solana ecosystem saw the token stand out. The altcoin is however back below the psychological $100, extending losses below $80 in the past 24 hours as its value dipped 6%.<\/p>\n<p dir=\"ltr\">While massive profit-taking has fueled the latest dive, repeated rejections at the key level mentioned above has SOL bulls staring at a potential breakdown towards $60. According to crypto analyst and investor <a href=\"https:\/\/twitter.com\/scottmelker\/status\/1749755898434556314\" rel=\"noopener noreferrer\" target=\"_blank\"><u>Scott Melker<\/u><\/a> (The Wolf of All Streets), SOL prices could revisit the $50 area if things got \u201cugly.\u201d<\/p>\n<p dir=\"ltr\">Asset manager Franklin Templeton recently <a href=\"https:\/\/twitter.com\/FTI_US\/status\/1747717389943558630\" rel=\"noopener noreferrer\" target=\"_blank\"><u>shared<\/u><\/a> a bullish outlook for Solana, highlighting key metrics such as DeFi, meme coins and DePIN (Decentralized Physical Infrastructure Networks).\u00a0<\/p>\n<p dir=\"ltr\">If Solana bounces and reclaims the psychological level amid the potential bull market, it could become one of the best altcoin performers.<\/p>\n<h2 dir=\"ltr\">Pullix (PLX) price outlook as presale hits $4.2 million<\/h2>\n<p dir=\"ltr\">Pullix is set to launch a new hybrid exchange for DeFi, bring a solution to the ecosystem\u2019s liquidity problem as it combines the best of centralized and decentralized exchanges.\u00a0<\/p>\n<p dir=\"ltr\">The hybrid exchange model allows Pullix to offer a unified trading platform where traders can leverage institutional-grade liquidity and trading tools while retaining full control over their assets. Apart from being non-custodial, attractive user features include copy trading, 2FA security options and slippage-free trading.<\/p>\n<p dir=\"ltr\">The native utility token PLX will power Pullix\u2019s \u201cTrade-to-Earn\u201d ecosystem, giving holders access to a unique revenue-sharing opportunity where traders can earn a share of the exchange\u2019s daily revenues. For all daily revenue, Pullix will offer 30% to its customers \u2013 50% will be shared via staking rewards and 50% in a token buy back and burn mechanism.<\/p>\n<p dir=\"ltr\">As the platform moves towards its launch after the presale, interest in PLX has skyrocketed. Currently in stage 6 and with PLX presale price at $0.08, investors see an opportunity. Only 19% of tokens available in the current stage remain.<\/p>\n<p dir=\"ltr\">With early adopters likely to see significant returns post-presale when Pullix launches on exchanges, now could be the time to buy PLX. You can get more details on how to go about it on the <a href=\"https:\/\/pullix.io\/?utm_source=Coinjournal&amp;utm_medium=PR&amp;utm_campaign=1930\" rel=\"noopener noreferrer\" target=\"_blank\">presale page<\/a>.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-solana-pullix-price-prediction-as-btc-dives-below-40k\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bitcoin price has dipped below $40k, extending intraday losses to lows of $38,620. Solana (SOL) is down 10% at the time of writing, trading near $79 as altcoins bleed. Pullix (PLX), a new hybrid exchange in presale, has raised over $4.2 million as [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25774,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25773"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25773"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25773\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25774"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}