• OKX, the world’s leading cryptocurrency exchange platform, has partnered with Avalanche liquid staking solution Benqi.
• The integration enables users to access the Web3 ecosystem via the OKX Wallet and provides a more convenient experience for Benqi users.
• OKX DEX optimizes user output by finding the best liquidity from 13 chains and providing free trading for users.
OKX and Benqi Partner to Boost Access to Web3 Ecosystem
OKX, the world’s leading cryptocurrency exchange platform, has joined forces with Avalanche liquid staking solution Benqi in a collaboration that sees its native decentralized application discovery tool, OKX Discover, supporting Benqi, and Benqi integrating the OKX Wallet web extension on its website and product.
Integration of OKX Wallet
The integration of the OKX Wallet, a leading self-custodial solution for digital assets, through its web extension on Benqi’s website and product will enable users to flawlessly enter the Web3 ecosystem via OKX Wallet. With the partnership, Benqi users can also access the OKX Wallet without leaving the Benqi website, providing a more convenient experience.
Access to Tokens & NFTs
Users can use the OKX Wallet to gain access to tokens, NFTs, and dApps in more than 40 chains and roll-ups. As a self-custodial wallet product, OKX Wallet users are in charge of their own private keys and crypto assets. Both firms seek to promote the non-custodial trustless nature of Avalanche and DeFi.
OKX DEX Swap Aggregator
For crypto swap products, OKX Wallet has integrated with OKX DE
• Bitcoin (BTC) prices surged from $21,500 to a six-month high of almost $25,000 in one of its most impressive daily price increases.
• Alternative coins have followed suit with notable gains, with OKB, FTM, APT and NEAR leading the way with double-digit increases.
• The surge happened shortly after US CPI numbers and it is predicted that BTC will reach $30,000 by the end of March.
Bitcoin Surges to Six-Month High
Bitcoin (BTC) registered one of its most impressive daily price increases in a while by skyrocketing from $21,500 to a six-month high of almost $25,000. This surge happened shortly after US CPI numbers were released. Mike Novogratz predicted that BTC will reach $30,000 by the end of March.
Alternative Coins Follow Suit
The alternative coins have followed suit with notable gains as well. OKB tapped a new all-time high following a massive 15% daily surge while FTM, APT and NEAR also posted double digit growths on the day.
Crypto Markets Reach New Heights
The entire cryptocurrency market added more than $100 billion in market capitalisation within just 24 hours due to this outstanding performance by Bitcoin and other altcoins – pushing the total crypto market cap above the crucial psychological level of $1 trillion for the first time ever.
Implications for Crypto Markets
This milestone could be seen as an important step forward for institutional investors who are looking for ways to incorporate digital assets into their portfolio allocations – especially given that bitcoin accounts for more than 50% of that capitalisation figure alone. It remains to be seen what impact this will have on traditional markets going forward but it’s likely that we’ll continue to see increased interest in cryptocurrencies over the coming months as this trend continues upward.
Conclusion
Overall, Bitcoin’s impressive surge should serve as an example of how much potential there is in cryptocurrency markets – both short term and long term – and provide further validation for those who believe digital currencies are here to stay.
• Ethereum has reached the major resistance level of $1.7K, but is now consolidating beneath it.
• There is a bearish divergence between the price and RSI indicator on the daily timeframe that could lead to volatility in the upcoming days.
• There are three critical static levels for Ethereum: $1.7K major resistance, $1.3K minor support, and $1K major support.
Analysis of Ethereum’s Uptrend
Ethereum has surpassed the 200-day moving average and the multi-month channel’s upper trendline due to its recent bullish move of the whole market. However, the price declined from its major resistance level of $1.7K and is now consolidating beneath it. Additionally, there is a substantial bearish divergence between the price and RSI indicator on the daily timeframe which could lead to volatility in coming days.
Static Levels For Ethereum
The static levels for Ethereum on the daily chart include: a major resistance at $1.7K; a minor support at $1.3K; and a major support at $1K – all ranging between these two points for several months now.
4 Hour Chart Analysis
On 4 hour time frame, Ethereum’s price action appears bearish as it forms an ascending Head and Shoulder pattern (also known as three drives pattern), after reaching its vital resistance region. If crypto cascades below its neckline (roughly at$ 1.5K) then this might be indicative of a reversal pattern, signaling further downtrend movements ahead in near future..
Support In Case Of Short Term Correction
In case of short term correction or rejection from $ 1 . 7 K , then next stop for Ethereum could likely be around its minor support level at $ 1 . 3 K . This would provide first level of much needed support during any sort of downside movements in near future .
Conclusion
To sum up , there is potential for further downside movements ahead with each static levels providing required supports against heavy losses on either side . It’s important to keep an eye out on technicals here , so traders can plan their entries accordingly depending upon how market moves ahead over coming days .
