The crypto markets have entered a phase where significant news correlates strongly with price movements. In the past two quarters, major announcements often failed to translate into noticeable changes in price charts. However, recent futures listings are now paving the way for double-digit price increases.
Why is RAY Coin Rising?
Coinbase Global announced today that it will launch RAY Coin futures on November 14. Following this announcement, the altcoin‘s price saw a notable increase. The altcoin had already experienced a remarkable 56% surge within just two days, surpassing the gains of most cryptocurrencies.
Market Sentiment and Future Prospects
The upcoming listing on November 14 could trigger a second wave of price increases, depending on overall market sentiment. Given the strong expectations for the coming months, it is unlikely that the recent two-day surge will quickly reverse due to significant profit-taking.
As of the time of writing, Bitcoin 
$98,520 is trading at $75,894. Yesterday, BTC reached a peak of $76,400, establishing a new all-time high. Anticipated statements from the Fed in the coming hours may signal shifts in interest rate cuts, potentially increasing market volatility.
