Bitcoin’s recent rise has brought it close to historical records, coinciding with Coinbase's announcement of new tokens. This review presents the key events.
What Are Coinbase’s Latest Moves?
Coinbase Exchange announced the launch of two new altcoins on the Ethereum platform — SKY and USDS. Scheduled for July 10, the launch will depend on certain liquidity conditions. Their introduction on the exchange is expected to have a significant impact on trading activities.
> "Coinbase will include Sky (SKY) and USDS (USDS) on the Ethereum platform (ERC-20 token). Transactions will open on July 10, 2025, pending liquidity conditions. Trading in SKY-USD and USDS-USD pairs will begin once sufficient supply is achieved," stated the company.
Is Bitcoin Approaching New Records?
Yes, Bitcoin has climbed to $111,644, tantalizingly close to its historical peak of $111,980. Investors are optimistic that it could soon set a new benchmark. Transactions with the USDT pair have supported these gains, with investors confident due to the $107,500 support level. Bitcoin temporarily reached $111,800 and later marked a fresh all-time high of $111,999.
Current Market Situation
Recent developments include Emirates accepting Bitcoin and altcoins as trustworthy payment methods. The Federal Reserve’s meeting notes indicated fewer worries about the economic future. Moreover, correspondence about tariffs has reduced expectations for imminent interest rate reductions. Interest rates seem set to hold steady throughout July.
These developments demonstrate an evolving landscape, where cryptocurrencies are gaining broader acceptance and institutional confidence remains strong, fostering potential for further market advancements.
