Kraken Launches xStocks Platform, Achieving $14 Billion in Trading Volume
- Expansion of Asset Tokenization: Mark Greenberg, Kraken's global head of consumer, states that tokenization technology allows users to instantly save and transfer various assets, including Tesla stocks and Bitcoin, prompting a redefinition of money and enhancing user flexibility in asset management.
- Surge in Trading Volume: Since its launch in Q2 2025, Kraken's xStocks platform has attracted over 80,000 wallets and generated approximately $14 billion in trading volume, demonstrating the rapid growth potential of tokenized stock services within crypto exchanges.
- Intensifying Industry Competition: Coinbase and Gemini have also introduced tokenized stocks and prediction markets, reflecting the broader trend in the crypto industry to create comprehensive financial platforms that compete with traditional brokerage services, further diversifying the market.
- Future Growth Expectations: According to RWA.xyz data, nearly $415 billion worth of real-world assets are currently tokenized on-chain, with Boston Consulting Group estimating this figure could reach $16 trillion by 2030, indicating the immense growth potential of the tokenization market.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36063.262 | 48031.631 | 60333.282 | 72301.651 | 84603.302 | 96571.671 | 108873.322 |
| Fibonacci | 48031.631 | 57302.779 | 63030.503 | 72301.651 | 81572.799 | 87300.523 | 96571.671 |
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