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BTC’s shallow correction near the $25,000 level could lead to dip buying in FIL, OKB, VET and RPL.

cointelegraph.com

Bitcoin’s bullish price action continues to bolster rallies in FIL, OKB, VET and RPL

Bitcoin’s volatile performance as of late continued in the past 24 hours as the asset touched $25,000 once again before falling back down by $500.
Several altcoins are well in the green as well, with OKB stealing the show and tapping a new all-time high beyond $50.
Bitcoin Stopped at $25K Again
It was just several days ago when the primary cryptocurrency had dipped to $21,500 amid the ongoing regulatory scrutiny by the United States authorities. However, the landscape changed in an instant as the bulls came to play.
In a matter of a day, they pushed bitcoin from $21,500 to a multi-month high of just under $25,000. Although BTC was unable to overcome that level at first, it finally did so hours later, reaching its highest price tag since August 2022.
The bears intercepted the move and drove BTC south hard, dumping it to under $24,000 yesterday. Nevertheless, bitcoin is back on the right track today as it pumped beyond $25,000 once again hours ago.
It has retraced by around $500 since then, but it’s still 3.3% up on the day. Its market capitalization has neared $475 billion, while its dominance over the alts stands firm at 42.5%.
BTCUSD. Source: TradingView
OKB’s Latest ATH
Ever since the collapse of FTX and the subsequent need for proof-of-reserves from exchanges, OKX has been at the forefront, and its native token has been on a roll. OKB exceeded $50 a few days back to chart an all-time high. It retraced slightly yesterday, but it’s back on the move again today, tapping yet another peak following an 8% daily increase.
MATIC and Polkadot are the other today impressive gains from the top 10 altcoins. Both are up by between 6-8%. Although in a more modest fashion, Ethereum, Binance Coin, Cardano, Ripple, Shiba Inu, and Dogecoin are also in the green on a daily scale.
Filecoin was yesterday’s top performer and has done it once again now. FIL has soared by another 14% and trades close to $7.5.
The total crypto market cap has reclaimed $1.1 trillion after gaining $30 billion in a day.
Cryptocurrency Market Overview. Source: Quantify Crypto
The post Market Watch: Will BTC Finally Reclaim $25K? OKB Breaks New All-time High appeared first on CryptoPotato.

Filecoin continues with its recent performance, with yet another double-digit price surge. 

cryptopotato.com

Market Watch: Will BTC Finally Reclaim $25K? OKB Breaks New All-time High

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and OKB.
Ethereum (ETH)
Ethereum had a great rally this past week but failed to break above the key resistance at $1,660. Nevertheless, the price still managed to increase by 7.4%.
the current PA shows that buyers are becoming eager, and the key resistance is being tested again and again. The more this happens, the likelier it becomes for ETH to break above and move higher.
Looking ahead, ETH has good support at $1,550, and the bias turned bullish due to this latest rally. If buyers continue to put pressure, then there might be a quick breakout to higher levels, which would take this cryptocurrency closer to the key psychological level of $2,000.
Chart by TradingView
Ripple (XRP)
While Ripple also attempted to rally, it was quickly stopped by bears at the 40 cents resistance. For this reason, the price only registered a 1.4% increase in the past seven days.
The trend remains bearish for XRP, and buyers will need to push the price toward a higher high if they want to escape it. So far, this appears unlikely, and bears showed strength at the key resistance.
Looking ahead, buyers did defend this cryptocurrency well at the 36 cents support, and the price may continue to bounce between the key levels in the coming days until a decisive move happens.
Chart by TradingView
Cardano (ADA)
Unlike XRP, Cardano managed to paint a higher high and, in the process, increased by 8.5%. This is a bullish signal which gives ADA a good chance to continue higher.
With considerable support at 38 and 36 cents, ADA is likely to put a lot of pressure on the current resistance at 42 cents, where so far, bears appear to have control.
Looking ahead, ADA’s price action leans bullish. If this is maintained, then Cardano could quickly rally toward 50 cents.
Chart by TradingView
Polygon (MATIC)
Polygon is determined to reach $1.5, which is also a key resistance after increasing by 16.5% in the past week. The current rally remains strong, and buyers appear in full control of the price action.
This latest push higher started once MATIC managed to break above $1.3, which is the current support. However, buyers need to be cautious as this latest move has created a bearish divergence on the RSI and MACD indicators.
Looking ahead, this cryptocurrency may be in the process of completing a fifth Elliot wave impulse toward $1.5. Once the key resistance is hit, a corrective phase could follow to put a break on this rally.
Chart by TradingView
OKB 
OKB’s price entered a non-stop rally for over two months now and booked a 26% increase during the past week alone, making it the best performer on our list.
After turning the $45 level into support, OKB’s price quickly moved higher, and it seems possible for it to go above $50 at this rate fairly soon, where bears could attempt to make a stand. A likely candidate for that is the resistance at $56.
Looking ahead, OKB has entered price discovery after making a new all-time high that exceeded the one from May 2021 at $44.3. For this reason, this rally may still continue for some time until buyers lose momentum.
Chart by TradingView
The post Crypto Price Analysis Feb-17: ETH, XRP, ADA, MATIC, OKB appeared first on CryptoPotato.

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and OKB. Ethereum (ETH) Ethereum had a great rally this past week but failed to break above the key resistance at $1,660. Nevertheless, the price still managed to increase by 7.4%. the current PA shows that buyers are becomin...

Crypto Price Analysis Feb-17: ETH, XRP, ADA, MATIC, OKB

Crypto exchange platform OKX is gearing up to launch a new blockchain as its native token surges to new all-time highs.
Star Xu, the founder of crypto derivatives exchange OKX, says that the firm will be launching a new but separate blockchain as its native asset OKB reaches new all-time highs.

According to Xu, the new blockchain called the OKXChain will focus on creating a decentralized ecosystem for the protocol, granting users access to decentralized finance (DeFi) and decentralized applications (DApps).
OKXChain will be created and operated solely by the OKX company, unlike the project’s first blockchain, which was co-built by community members.
“[All-time high], it’s good news. Also, it’s the community’s trust [in] OKX. A new OKBChain will be launched in Q1 which is independent [of the] current OKXchain, [and will] start to build [an] OKB decentralized ecosystem.
To clarify, OKXChain is a [proof-of-stake] chain, which is totally open and co-build by communities. OKBChain is developed and operated by [the] OKX company. The two chains are totally separate.”
OKB surged this week from a seven-day low of $39.03 to a fresh all-time high (ATH) of $51.74, a 32% increase. OKB has since retracted and is moving for $49.24 at time of writing, making it the 25th-ranked digital asset by market cap.
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The post Crypto Exchange OKX To Launch New Blockchain As Utility Token OKB Reaches Fresh All-Time Highs appeared first on The Daily Hodl.


Crypto exchange platform OKX is gearing up to launch a new blockchain as its native token surges to new all-time highs. Star Xu, the founder of crypto derivatives exchange OKX, says that the firm will be launching a new but separate blockchain as its native asset OKB reaches new all-time highs. A...

dailyhodl.com

Crypto Exchange OKX To Launch New Blockchain As Utility Token OKB Reaches Fresh All-Time Highs

Seychelles-based cryptocurrency exchange OKX announced the launch of its new blockchain dubbed OKBChain, which is separate from the existing Ethereum Virtual Machine (EVM)-compatible smart contracts protocol OKXChain.
According to OKX’s founder Star Xu, the new OKBChain would foster the development of an OKB decentralized ecosystem.
OKX Unveils New Protocol for Decentralized Economy
As per Xu’s tweet, OKBChain will be launched in Q1 2023 as a separate protocol from OKXChain, as they serve different purposes.
The CEO clarified that the OKXChain is a proof-of-stake blockchain co-built by communities while the OKBChain would be developed and operated by OKX.
As EthereumFair’s official Twitter account further explained, OKBChain would be more focused on providing business solutions to organizations and businesses. On the other hand, OKXChain will continue to offer a decentralized platform for creating and deploying decentralized applications (dApps).
OKB Token Hits New ATH
Reacting to the announcement, OKB, the utility token of the OKX Blockchain Foundation, surged by 23.13%, skyrocketing to a new all-time high (ATH) of $52.31, according to data from CoinMarketCap.
However, at the time of writing, the token has retraced slightly to under $50.
OKBUSD. Source: TradingView
OKX Continues to Build
Since its launch in 2017, OKX, formerly known as OKEx, has continued to support the growth and development of the crypto sector.
Last year, CryptoPotato reported that the company released a $100 million fund to assist crypto projects affected by the collapse of the crypto exchange FTX.
Last month, OKX released its third Proof-of-Reserves (PoR) report, which revealed that it held “clean assets” worth $7.5 billion in Bitcoin (BTC), ether (ETH), and USDT.
The exchange has also partnered with several traditional entities in its drive for crypto adoption. In mid-2022, OKX signed a multi-year deal with British motor racing team McLaren Racing, becoming the Official Primary Partner of the Formula 1 team.
The post Crypto Exchange OKX Announces New OKBChain, OKB Skyrockets to New ATH appeared first on CryptoPotato.

OKBChain will function as a separate blockchain to foster OKB decentralized ecosystem 

OKB price	$42.23
Low - High 24H	$41.48 - $43.98
Market cap	$2.53B
Volume 24H	$45.70M
All time high	$58.66 -28.10% February 18th 2023
All time low	$0.580608 7164.14% January 14th 2019
Genesis date	N/A

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