Bitcoin Price Surges as Coinbase Lists New Meme Coin

Bitcoin $103,706‘s price returned to six-digit levels today following positive CPI data. We previously mentioned that the latest U.S. inflation figures for November would likely trigger this rise. The anticipated scenario has come to fruition, coinciding with Coinbase’s announcement of a new meme coin listing just moments ago.

Bitcoin and Coinbase

The BTC price climbed to $100,800, while altcoins quickly began their recovery. The drop to $94,500 caused a rapid sell-off in altcoins, leading to the liquidation of billion-dollar long positions. XRP Coin and Shiba Inu were among the hardest-hit altcoins. However, both have now continued the day with over 15% gains.

In tandem with the rally in cryptocurrency markets, Coinbase announced its roadmap for listing PNUT Coin. Given the increasing volume in meme coins, this news was not surprising, and we may see the official listing announcement in the coming hours. PNUT Coin has seen over a 30% increase, currently trading at $1.33.

Thanks to the overall market surge, XRP Coin has surpassed $2.44, while SOL Coin stands at $228 and AVAX at $47.8.