Coinbase News: Bitcoin Struggles to Regain Momentum Amid Rising Coinbase Premium

In the world of cryptocurrencies, Bitcoin continues to face challenges in regaining its upward momentum, trading significantly below its all-time high. Meanwhile, the Coinbase premium has been showing signs of potential underlying demand, sparking curiosity about what the future holds for the digital asset.

Bitcoin Struggles Below $82K While Coinbase Premium Rises—What’s Next?

Bitcoin continues to face challenges in regaining upward momentum, trading below $82,000. The cryptocurrency is 25.1% below its all-time high of $109,000 recorded in January. Over the past 24 hours, BTC has declined by an additional 0.7%, reflecting ongoing market hesitation and uncertainty. Notably, the Coinbase premium has been forming higher lows, indicating potential underlying demand, but no clear signals of a breakout or reversal have emerged, leaving the market uncertain.

Franklin Templeton Plans to Launch XRP ETF

One of the world’s largest asset managers, Franklin Templeton, is planning to launch an ETF that will track the spot price of the Ripple cross-border payment token XRP. The firm made a preliminary prospectus filing for the product with the Securities and Exchange Commission on March 11. The filing is part of a recent trend of spot altcoin ETF applications by asset managers. Franklin’s XRP ETF is set for listing on the Cboe BZX Exchange, with Coinbase appointed as the custodian for the fund’s holdings. In February, Franklin Templeton also filed for an ETF tracking the spot price of Solana (SOL).