Coinbase News: Bitcoin Predicted to Reach $70K, Coinbase India Expansion Signals Industry Boom

In the ever-volatile world of cryptocurrency, Bitcoin continues to exhibit erratic price movements. Recent predictions by BitMEX co-founder Arthur Hayes suggest that the digital asset could soon reach the $70,000 mark. Meanwhile, Coinbase’s expansion into India highlights the growing interest and potential of the cryptocurrency market.

Bitcoin’s 70K Floor? Coinbase India Move Signals Industry Growth

Bitcoin’s rollercoaster ride continues, and according to BitMEX co-founder Arthur Hayes, the next stop could be $70K. Hayes reassures investors that this correction is textbook bull market behavior, not a sign of long-term weakness. He believes that traditional markets like the S&P 500 and Nasdaq will have to crash first before institutions step in with quantitative easing, leading to more money in the system and higher asset prices. This outlook is supported by data, although the Relative Strength Index (RSI) was not mentioned in full.

Coinbase Lists Aethir, Causing 8% Price Spike

Coinbase has listed Aethir’s ATH token on the Ethereum (ERC-20) network, leading to an 8% price spike. The DePIN “GPU-as-a-service” network had been relatively quiet recently, with only a few major partnerships making headlines. The listing comes after a period of stagnation for Aethir’s price, which has been flat for over a month. Trading will begin on or after 9AM PT on 13 March 2025 if liquidity conditions are met.