Bitcoin‘s recent resurgence has brought it nearly to its record highs, following remarks from the Federal Reserve. Despite the backdrop of renewed tariff rates by former U.S. President Trump and an imposed deadline for fresh trade talks, cryptocurrency valuations have been on the rise. This upswing has coincided with Coinbase’s announcement of two new listings, injecting further enthusiasm into the market.
What Are Coinbase’s Latest Moves?
Coinbase Exchange declared that it would be introducing two altcoins on the Ethereum platform—SKY and USDS. These tokens are set to be launched on July 10th, provided that certain liquidity requirements are satisfied. Their introduction on the exchange is anticipated to significantly affect trading activities.
“Coinbase will include Sky (SKY) and USDS (USDS) on the Ethereum platform (ERC-20 token). Transactions 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.
Soon after the announcement, the SKY coin experienced a 5% increase in its value before stabilizing at $0.0817, underscoring the market’s attentive response to updates from Coinbase.
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 on Binance with the USDT pair have supported these gains, with investors confident due to the $107,500 support level.
Recent developments have included 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.
Amidst these shifts, Bitcoin temporarily reached $111,800, and at 10:56 PM, marked a fresh all-time high of $111,999.
– Coinbase’s altcoin listings: SKY and USDS will go live on July 10th.
– Bitcoin has peaked at $111,644 today, nearly reaching its all-time high.
– Emirates now recognizes Bitcoin and other altcoins for payment purposes.
– The Federal Reserve has signaled a stable economic outlook, maintaining interest rates for July.
These developments demonstrate an evolving landscape, where cryptocurrencies are gaining broader acceptance and institutional confidence remains strong, fostering potential for further market advancements. The enthusiasm surrounding Bitcoin and altcoins signals a growing curiosity and readiness among investors to explore new opportunities in the crypto space.
