Bitcoin hit $57K for the first time in 2years; Pullix’s PLX listing set for Feb 29

Bitcoin (BTC) soared past the $57,000 mark in the early hours of Tuesday morning, marking its highest price since November 2021. This rapid climb has reignited investor interest and led to record trading volumes in spot Bitcoin ETFs.

As investors eye BTC, PLX, the native token of the highly anticipated Pullix hybrid crypto exchange, is capturing investors’ attention as its presale ends with its listing expected by the end of February.

Bitcoin (BTC):  price hits new 2-year highs

Bitcoin’s rally gained momentum as it rose by 6% during U.S. trading hours on Monday, followed by a further surge early Tuesday morning in Asia. BTC’s price currently stands at $56,500, up over 9% in the last 24 hours.

At the time of reporting, Bitcoin’s price had dropped to $56,099 but remained up over 9% in the past 24 hours.

The rally has seen Bitcoin break through several significant round-number milestones, including $53,000 and $54,000 on Monday, followed by a rapid climb past $55,000, $56,000, and eventually $57,000.

This surge in price was accompanied by record volumes in spot Bitcoin ETFs, with U.S.-based ETFs excluding Grayscale’s GBTC posting a record-high trading volume of $2.4 billion on Monday. In a post shared on X today, Bloomberg analyst Eric Balchunas stated that Bitcoin ETFs could surpass Gold ETFs in two years.

While the bullish momentum in Bitcoin’s price is evident, investors are cautioned about the inherent volatility in the cryptocurrency market. Although the recent surge in price reflects renewed optimism and buying interest, it also raises concerns about potential sell-offs. Volatility remains a characteristic feature of the crypto market, and investors are advised to exercise caution amidst rapid price fluctuations.

Pullix (PLX): trade-to-earn cryptocurrency

In parallel to Bitcoin’s bullish run, Pullix, a new player in the cryptocurrency space, is making waves with its ‘Trade-to-Earn’ PLX token currently in the presale stage.

Pullix aims to revolutionize crypto trading and investment with its hybrid platform, offering benefits such as passive income through staking, trading discounts, and exclusive rewards for PLX holders.

The PLX token serves as the utility token of the Pullix ecosystem, providing users with access to various benefits within the platform. Holders of PLX tokens can enjoy discounts on trading fees, earn passive income through staking, and receive rewards from the platform’s daily revenue.

Additionally, Pullix implements a buy-back and burn mechanism to reduce the circulating supply of PLX tokens, potentially increasing their value over time.

Pullix presale in final stage: PLX to list on Uniswap

The Pullix presale is currently underway, offering investors the opportunity to participate in the project’s early stages. The presale has reached its final stage and PLX tokens are priced at $0.14 each. With over $8 million raised and nearly 10 million tokens sold, there is limited availability remaining for interested investors.

Investors interested in purchasing PLX tokens can register on the Pullix website and follow the simple purchasing steps.

The presale is set to conclude soon, with only two days remaining until the end. Once the presale concludes, investors will receive their PLX tokens via an airdrop to their wallets.

Pullix expects to list the PLX token on Uniswap on 29th February 2024, exactly seven days after the presale concludes, providing liquidity and accessibility to users. With ambitious plans for growth and development, Pullix aims to create a dynamic and rewarding ecosystem for cryptocurrency traders and investors alike.

Conclusion

While Bitcoin’s rally reflects renewed investor confidence, Pullix’s innovative approach to crypto trading offers exciting opportunities for investors seeking diverse benefits within the ecosystem.

With the PLX presale nearing its conclusion and plans for listing on Uniswap in motion, both Bitcoin and Pullix exemplify the dynamic nature of the cryptocurrency space. Investors are poised to capitalize on these developments, navigating the landscape with caution amidst the inherent volatility.

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