Bitcoin Price Surpasses $67,000 as Coinbase Makes Key Listings

The price of Bitcoin $101,281 has risen above $67,000 at the time of writing, reversing the recent decline. This positive shift in Bitcoin’s price, which had previously caused losses in altcoins, strengthens the influence of good news on market prices. A recent announcement from Coinbase regarding new listings contributed to a 6% increase in prices.

Coinbase Listing Announcement

Coinbase has announced minutes ago that it will not list the TURBO Token for futures trading. In response to the FTX collapse, Coinbase has taken various steps to diversify its revenue streams in order to survive in bearish markets. The introduction of futures trading with a global exchange is one of these initiatives.

As Coinbase prepares for the upcoming bull markets, it is taking steps to expand its futures pairs on the global exchange. The exchange regularly announces listings for several altcoins each month, which not only boosts liquidity for these coins but also helps increase their spot prices.

For instance, the listing of BIGTIME was completed just six hours ago. The TURBO-PERP pair is set to become active on October 24.