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Bitcoin Soars Past $105K While ‘Shitcoin Casino’ Coinbase Struggles Below IPO Price
In a stunning turn of events, the value of Bitcoin has skyrocketed past the pivotal $105K mark on January 30th. This remarkable surge in price comes despite the Federal Open Market Committee’s (FOMC) decision to maintain interest rates steady. Traditionally, such moves have been detrimental to the cryptocurrency market, yet Bitcoin has rebounded with unprecedented resilience.
Despite its exceptional growth, Coinbase, dubbed a “Shitcoin Casino” by some traders, continues to lag behind in performance, struggling to regain footing below its initial public offering (IPO) price since its listing on April 14, 2021. As reported, the exchange’s fate remains irrevocably tied to Bitcoin’s movements.
Bitcoin has consistently outperformed Coinbase since its IPO, a trend that is expected to continue as long as BTC sustains its bullish trajectory.
Source: coinchapter.com
