Crypto exchange Coinbase hit an all-time high in Thursday’s trading session. This comes after the company’s CEO revealed they buy more Bitcoin every week.
This marks the latest in a wave of bullishness, particularly on $BTC, that could make related projects like BTC Bull Token ($BTCBULL) extra attractive to investors.
Coinbase closed at $369.21 during Thursday’s trading and reached a high of $381.35, a tremendous jump for a stock price that hovered under $100 between 2022 and 2023.
The ALT comes just a month after Coinbase became the first crypto exchange listed on the S&P 500.
Factors like the Israel-Iran ceasefire and the passing of the crypto-friendly Genius Act in the US Senate could have helped fuel the rise in the company’s stock price this week.
Later on Thursday, the company’s CEO, Brian Armstrong, shared Coinbase’s weekly Bitcoin purchases on X, reflecting his belief that Bitcoin could be worth millions of dollars with greater acceptance from G20 countries.
Bakkt Bets on Bitcoin
Aside from Coinbase, Strategy, Metaplanet, and just about everyone else, Bakkt is also looking to get its hands on large sums of Bitcoin. Yesterday, the crypto custody company filed a prospectus with the US SEC to update its investment policy, allowing it to purchase Bitcoin or other digital assets.
Bitcoin Bullishness Boosts BTC Bull Token ($BTCBULL)
With more investors stocking up on Bitcoin, it’s only a matter of time before we see its value reach a new ATH. At least that’s what the BTC Bull Token ($BTCBULL) project is banking on.
The project team is rallying support for the world’s largest cryptocurrency, offering free $BTC airdrops to those who buy and hold the $BTCBULL token.
These airdrops will occur when $BTC hits $150K and $200K, with a massive $BTCBULL airdrop at $250K.
You can buy $BTCBULL tokens for only $0.00258 each via its presale page. But with the presale closing soon, this could be your last chance to get in and qualify for the free token airdrops.
To get $BTCBULL, connect la crypto wallet ike Best Wallet to its presale widget, input how many tokens you want to buy, and pay with your credit/debit card or crypto.
Our BTC Bull Token buying guide has all the steps you need to help you get started.
You also get the option to stake your tokens right after purchasing them. This lets you earn staking rewards at 54% p.a., though this may change depending on how many tokens are locked into the project’s staking pool.
According to our estimates, given the right market conditions, the token could be worth as much as $0.006467. Another factor that could drive up its value are the regular token burns when $BTC hits $125K, $175K, and $225K as these reduce the token supply and make $BTCBULL scarcer.
Bitcoin Due for a New ATH?
With more and more investors stockpiling $BTC, a new ATH is within reach. The jump in Coinbase’s stock value is yet another sign of the market’s bullishness on Bitcoin and the crypto market at large.
In particular, Bitcoin bullishness fuels new crypto presales like BTC Bull Token ($BTCBULL), which bets on Bitcoin’s continued rise.
If you’re considering buying crypto, make sure you do your research first, as the market is highly volatile. Please only use the information in this article for educational purposes and not as investment advice.
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