Bitcoin and Ethereum continue to confront crucial resistance levels, while a new player in the DEX market, Lunex, gains attention with its innovative approach.
Bitcoin Must Hold This Level
Bitcoin is currently trading at $63,000 with a 6.3% daily surge. After several weeks of trading below $60,000, Bitcoin finally flipped the trend. However, selling pressure remains high at its peak. Over the last 24 hours, Bitcoin liquidations amounted to $71 million, with trading volume increasing by 31%, reaching $50 billion. Meanwhile, Germany’s second-largest bank, Commerzbank, announced the launch of BTC and ETH transactions for institutional clients. Such news will become increasingly common in the coming years as cryptocurrency adoption continues to rise, spearheaded by Bitcoin.
Ethereum Reclaims Key Resistance
Ethereum is currently priced at $2,430 with a 6.2% intraday increase. Ethereum has been battling the $2,400 resistance level for the past few weeks. However, analysts believe it’s still too early to celebrate victory, as volatility is reaching critical levels. An Ethereum ICO whale has awakened after long years of slumber and moved 10,000 ETH to Kraken, worth approximately $24.3 million. This has sparked fears of an impending sell-off that could tank Ethereum’s price just as it showed signs of life again. Ethereum is still moving below the 50-day and 200-day moving averages, indicating that mid- to long-term projections remain bearish.
Lunex Leads the DEX Revolution
Centralized exchanges could soon become obsolete as new advancements in decentralized exchanges (DEX) open up new opportunities for investors while safeguarding personal data. Groundbreaking DeFi platform Lunex could significantly disrupt the exchange industry with its innovative framework that merges isolated blockchains such as TRON and Solana, allowing for instantaneous swaps between them. Users will be able to trade between 50,000 different assets. All this will be done anonymously, with no KYC or third-party wallet required. Users simply input the ticker, insert the receiving address, and hit confirm. Additionally, users will have access to an exclusive DeFi wallet and a portfolio tracker for efficient asset management. Institutional clients aren’t left behind either, as Lunex offers a tailored B2B payment gateway, allowing businesses to receive crypto payments and have them instantly swapped into fiat money at the lowest rates.
Bitcoin and Ethereum continue to face crucial resistance levels, while Lunex is shaking up the DEX revolution with its innovative solutions. These developments are expected to significantly impact the future of the cryptocurrency market.
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