MiCA Framework Boosts OKX X-Perps to $2.5B in Just Seven Days

OKX's X-Perps product has seen significant growth since the introduction of the Markets in Crypto Assets (MiCA) framework, with over $2.5 billion in volume traded across top ten markets in just seven days.

The majority of this volume comes from Bitcoin, which accounts for nearly 62% of total trading at $1.55 billion, followed by Ethereum at $324 million and XRP at $156 million.

A closer look at the price action on the four-hour chart shows that BTC is currently trading within its Bollinger band, with an upper resistance level of $78,978.36.

The technical indicators are mixed, with a MACD death cross signaling fading momentum and a Relative Strength Index (RSI) reading of 69.59 indicating room for further growth before hitting overbought territory.