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The news of a listing or a roadmap from the Coinbase exchange brings about very rapid price movements for those particular coins. Generally, when Coinbase made a future-oriented statement about an altcoin, long, large green candles would form on the price charts. However, this time, while investors were expecting the same outcome, the plan backfired and the price plummeted after a relatively small rise. According to the announcement made at night, a memecoin was added to the platform’s roadmap.
Which Altcoins are on the Roadmap?
According to a recent announcement, Coinbase has shared via a post that it has added Bonk (BONK) to its roadmap. Following this, although there was a noticeable increase in the price of the memecoin, it could not withstand the market and faced an incredible decline. Generally, we would see a rise in altcoins after Coinbase news, but this time the opposite happened, and the decline deepened.
The Solana network had been making its investors happy as the most clearly rising network since the beginning of last month. The peak of the Solana network events with Jito (JTO) positively affected the network’s native cryptocurrency SOL. It seems more than a coincidence that Bonk, the memecoin of the network, came to the forefront and caught Coinbase’s attention.
Current State of Bitcoin
The price of Bitcoin had made its investors quite happy with the rise it has experienced since the beginning of the last month. Following discussions about the emerged CME gap and the anticipation of the FED’s interest rate decision, it began to fall in recent days and experienced an instantaneous drop of 10% from levels not visited in a year.
After surpassing the $44,000 level, Bitcoin fell to $44,400 but then climbed above the $42,000 level. It could not maintain stability in this region and has retreated to $40,947 at the time of writing. The market’s anxiety seems to be increasing due to the interest rate decision to be announced today. Clarity in the market is expected following the decision.
