While many cryptocurrencies struggle with price declines, DEXE has bucked the trend, emerging as the market’s top gainer in the past 24 hours. The governance token has outperformed many leading assets, which have faced losses during the same period.

With steady demand for the token, it may extend its gains in the short term. 

DEXE Leads Market Rally

The DeXe protocol is an open-source platform for creating and managing decentralized autonomous organizations (DAOs). The DeXe DAO, which has DEXE as its governance token, controls the protocol.

DEXE currently trades at $22.67, noting a 4% price surge over the past 24 hours, making it the market’s top gainer. This rally has pushed the token’s price to its highest level since December 2021. With strengthening demand, DEXE appears poised to maintain this uptrend.

The setup of its Super Trend indicator supports this bullish outlook. At press time, the indicator’s green line acts as dynamic support for DEXE’s price at $14.52.

This momentum indicator helps traders identify the market’s direction by placing a line above or below the price chart based on the asset’s volatility. As with DEXE, when an asset’s price trades above the green line of the Super Trend indicator, it signals a bullish trend, indicating that the market is in an uptrend and that buying pressure is dominant.

Moreover, DEXE’s Aroon Up Line at 100% indicates its current uptrend is strong.  The Aroon indicator measures the strength and direction of a trend by analyzing the time since an asset’s recent highs (Aroon Up) and lows (Aroon Down). 

When an asset’s Aroon Up line is at 100%, it indicates that its most recent high was reached very recently. This is true of DEXE, which currently trades at a four-year high.

DEXE Price Prediction: Is an All-Time High on the Horizon?

If this bullish pressure persists and DEXE maintains its uptrend, it could climb to its all-time high of $35.41, which it last reached in March 2021. 

However, DEXE could shed its recent gains and drop toward $17.89 if profit-taking makes a comeback.

According to Satoshi Action Fund CEO Dennis Porter, Utah is leading the race to establish a Bitcoin reserve in the US. Porter claimed that the state’s short legislative calendar encourages speedy action.

Additionally, Utah has a digital asset task force that continues operations outside of the calendar. This task force actively coordinates strategy for a Bitcoin reserve, which rushes into action when the normal schedule resumes.

How Soon Could Utah Establish a Bitcoin Reserve?

The race to establish a Bitcoin reserve has been heating up among 15 US states. President Trump promised to establish such a reserve on the campaign trail, but his “crypto stockpile” executive order fell somewhat short.

Still, there is a fight at the state and federal levels to create a Bitcoin reserve, and Satoshi Action Fund CEO Dennis Porter is betting on Utah being the first.

“There’s a very good shot that Utah will be first because they have such a short legislative calendar. It is only 45 days. It’s either sink or swim in 45 days. No one else has a faster calendar, and no one else has more political momentum and willpower to get it done,” Porter claimed in an interview with Senator Cynthia Lummis.

Wyoming senator Cynthia Lummis is a leading figure in the broader campaign’s federal legislative efforts. However, she concurred with Porter’s assessment that Utah will be the first state with its own Bitcoin reserve, not Wyoming.

Utah has a few advantages in this race that may propel it ahead of several other initiatives. A Utah legislator proposed a Bitcoin reserve in late January, which passed through committee in a little over a week.

Already, this is much speedier than most US states. However, Porter noted another key advantage. The state has maintained a digital asset task force since 2022.

In other words, the state may have a short legislative session, but Representatives can use this task force as a unit to strategize outside of the session.

Utah has been a pro-crypto state for several years now, and its economic policies and guardrails are potentially more prepared for a Bitcoin reserve than any other state. With a quick burst of political willpower, it could deliver on these plans.

These proceedings are looking quite bullish for Bitcoin’s price. Even while other political developments have wrought havoc on the crypto market, legislative efforts like this help conserve BTC momentum.

According to Claudia Sheinbaum and Donald Trump, tariffs between the US and Mexico are paused for one month. This has already triggered a rebound for the crypto market, particularly XRP.

However, Canadian Prime Minister Justin Trudeau is retaliating harshly to US tariff efforts. His country is much more entangled with crypto markets than Mexico, presenting a real wild card.

US and Mexico Reach Agreement

Proposed tariffs between the US and Mexico have been wreaking havoc in the crypto market. US tech stocks were already reeling from DeepSeek, but new tariffs against Mexico, Canada, and China have caused billions in crypto liquidations.

XRP, which rallied over 300% since Trump’s election victory, dropped by over 25% over the weekend after the US president indirectly imposed a global trade war. Ripple’s altcoin slumped to $2.01 on Monday morning, its lowest in over a month.

Nonetheless, Mexican President Claudia Sheinbaum has reached an agreement with Donald Trump to postpone the process.

“We had a good conversation with President Trump with great respect for our relationship and sovereignty; we reached a series of agreements. Our teams will begin working today on two fronts: security and trade. Tariffs will be paused for one month from now,” Sheinbaum claimed via social media.

Sheinbaum claimed that her government would direct the National Guard to police the drug trade in the US. Trump concurred, announcing the deal.

Now that these new tariffs have apparently been halted, the markets have started to recover. In particular, the value of Ripple’s XRP token jumped up 6%.

Overall, XRP has regained the majority of its losses from earlier today. In fact, most of the ‘made in USA‘ cryptocurrencies, such as Cardano, Chainlink, and Hedera, have recovered significantly following the agreement.

Going forward, it seems that these assets will be highly driven by the political decisions and economic policies of the US.

Politics and Macroeconomic Factors Continue to Influence the Crypto Market

This development validates the predictions that tariffs would present a buying opportunity in crypto. Mexico and the US are significant trading partners, and Trump’s bluster has turned into a mutually beneficial trade deal.

The markets are sighing in relief, but there’s still a fly in the ointment: a lack of progress with Canada.

Unlike his counterpart in Mexico, Canadian Prime Minister Justin Trudeau has proved unyielding about US tariffs. He denounced these actions in a major speech, and Canada is preparing to retaliate with a trade war offensive of its own.

Tariffs against China are also apparently intact, but the country’s response is far more muted.

Canada, compared to Mexico, is substantially more entangled with the US crypto market. BlackRock launched a Bitcoin ETF in Canada, and 40% of the country’s institutional investors hold crypto.

The markets have been rebounding from one set of tariffs, but Canadian defiance may play an outsized role in this industry.

Ultimately, however, this situation is far too chaotic to predict accurately. Sheinbaum fervently denounced US tariffs against Mexico yesterday but shocked the markets with a successful deal this morning.

Trump and Trudeau may reach their own reconciliation agreement, which could have any number of impacts on the crypto market. Regardless, it’s evident that we’re in a new era of chaotic price moves.