Bitcoin Rebounds As Coinbase Launches 24/7 Futures & BTC Bull Token ICO Nears $4M

Bitcoin and Ethereum have reclaimed key price levels following Coinbase’s announcement of 24/7 futures trading for both cryptocurrencies. 

This development comes amid a more favorable regulatory environment under President Donald Trump’s administration. It has been characterized as more welcoming to crypto innovation than its predecessor. 

Meanwhile, a new project called BTC Bull Token has already raised $3.5 million in its presale phase. It aims to become one of the key gainers in future rallies.

Crypto Markets Bounce Back After Brief Dip

Bitcoin is currently trading at $82,400, representing a 2.4% increase over the past 24 hours. However, it remains down 6% on the week. The leading cryptocurrency briefly tested lows of $77,400 on Tuesday before recovering and reclaiming the important $80,000 level.

Staying above this level is certainly a bullish sign. Although, the largest cryptocurrency by market cap is still not completely out of the danger zone. 

Ethereum has also shown signs of recovery. It is trading at $1,911 with a 1% gain today despite being down 13% this week. The second-largest cryptocurrency touched lows of $1,800 on Tuesday for the first time since November 2023. However, it has also rallied to $1,954.

A further rally above the $2,000 mark would be beneficial for Ethereum holders. That’s because many are afraid of the Ethereum Foundation’s possible loan liquidation if the price continues falling. 

Coinbase Expands Services Under New Regulatory Climate

Coinbase’s introduction of around-the-clock futures trading for Bitcoin and Ethereum signifies a significant shift in the US digital asset landscape. This move is partly being attributed to the Trump administration’s more favorable approach to crypto regulation than the Biden administration.

Previously, American investors faced restrictions on trading hours for futures, often missing crucial market movements. According to Coinbase, their new service means there will be “no missed opportunities” for traders.

The platform’s CFTC regulation provides a necessary safety net for investors. Analyst MartyParty highlighted the importance of bringing “crypto speculation onshore and regulate it,” suggesting this could help end the “artificial volatility” that often costs investors.

Positive Geopolitical Developments Support Market Recovery

Broader geopolitical developments have further supported the recent crypto market recovery. A Ukraine ceasefire breakthrough and easing trade tensions between the United States and Canada have contributed to healthy market conditions.

These external factors, combined with positive crypto-specific news, have created a more optimistic outlook for Bitcoin and Ethereum in the short term.

BTC Bull Token Gains Attention Amid Market Recovery; Over $3.5 Million Raised

As Bitcoin and Ethereum show renewed strength, analysts increasingly focus on smaller altcoins that might outperform the market leaders. BTC Bull Token has emerged as a project that is gaining massive attention.

This innovative Ethereum-based cryptocurrency increases exposure to BTC without needing to hold it. It works by following Bitcoin and its price milestones, triggering BTCBULL token burns and airdrops and real Bitcoin airdrops.  

BTC Bull Token has already raised over $3.5 million in its presale phase, with the token’s price currently sitting at $0.002405. However, the token’s price is set to rise throughout the ICO period.

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Analysts like Umar Khan believe this setup could potentially create up to 100x gains for holders. As the broader crypto market recovers, investors may look to rotate profits into smaller altcoins with higher growth potential.

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