Coinbase News: Floki Clarifies Coinbase Trading Halt in New York, Bitcoin Accumulation Rises

Recent developments in the cryptocurrency world have sparked interesting narratives, particularly around Coinbase’s trading policies and Bitcoin’s market dynamics. Here’s a closer look at what’s happening.

Floki Refutes Coinbase Delisting Rumors

There has been a rumor that Coinbase delisted FLOKI (FLOKI). However, FLOKI tweeted to clarify that Coinbase has only halted trading of $FLOKI in New York due to the region’s strict anti-crypto policy. Floki claims this halt does not significantly affect Floki’s trading volume as New York only accounts for 2 – 5% of the platform’s activity.

Bitcoin [BTC] Accumulation Rises as ETF Outflows Cool – Is a Breakout Coming?

There has been a significant fall in BTC outflows from exchange-traded funds (ETFs) after hitting a new withdrawal point. Liquidity inflows into Coinbase correlated with investors’ buying action in the spot market. Bitcoin, the world’s largest cryptocurrency, is trading at levels well below its all-time highs, valued at just over $81,000 after a 24-hour decline of almost 2%. With Bitcoin trading close to its critical support levels, spot traders have gradually begun to accumulate the asset.