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Coinbase and Visa Direct deliver instant funding for EU, US customers

  • Visa said Coinbase users can deposit funds into their Coinbase accounts using eligible Visa debit cards
  • The announcement comes as Bitcoin’s price traded near its March all-time high on Tuesday

Coinbase and Visa are teaming up to deliver real-time account funding for customers providing more flexibility in the crypto space.

Available to customers in the US and Europe, the announcement from Visa comes as Bitcoin’s price nearly touched its March all-time high of $73,700 on Tuesday. At the time of publishing, data from CoinMarketCap shows Bitcoin is trading at $72,500.

Through the integration with Visa Direct, Coinbase customers can deposit funds into their Coinbase account using eligible Visa debit cards. According to Visa, the integration gives Coinbase users more flexibility in a “dynamic crypto environment.”

“Providing real-time account funding using Visa Direct and an eligible Visa debit card means that those Coinbase users with an eligible Visa debit card know that they can take advantage of trading opportunities day and night,” said Yanilsa Gonzalez Ore, Head of Visa Direct, North America for Visa.

On top of the real-time deposits, Coinbase users can cash out money from their Coinbase accounts in real-time with their Visa debit cards.

Expanding its reach

The addition of the real-time deposits adds to Coinbase’s Visa debit card it offers its US-based customers.

In October 2020, the crypto platform announced it was launching its Visa debit card, enabling users to make purchases online and in-store. In addition, users would be able to withdraw ATM cash withdrawals.

The launch of its US Coinbase card followed that of its Coinbase Visa debit card to UK and EU customers in 2019.

Bitcoin ETF inflows

The real-time deposit comes as spot Bitcoin exchange-traded funds (ETFs) saw inflows reaching $827 million yesterday, according to data from CoinGlass.

Bitcoin ETF inflows – Source CoinGlass

In a post on X, Bloomberg ETF analyst Eric Balchunas said “FOMO confirmed,” citing data showing BlockRocks IBIT brought in daily Bitcoin inflows reaching nearly $600 million.

Balchunas added, “IBIT not alone – altho by far the most – as all the main BTC ETFs saw elevated volume past two days.”

The post Coinbase and Visa Direct deliver instant funding for EU, US customers appeared first on CoinJournal.

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Analysts anticipate a Bitcoin Dogs breakout as Bitcoin (BTC) teases new ATH

  • Bitcoin (BTC) surges past $73,000, nearing its all-time high with strong investor interest.
  • Bitcoin Dogs (0DOG), a new meme coin, could break out with its upcoming game launch.
  • Analysts predict growth for Bitcoin Dogs, benefiting from Bitcoin’s bullish momentum.

The spotlight is back on Bitcoin (BTC), which recently surged past $73,000, drawing both investor attention and market analysis.

In tandem with this bullish trend, Bitcoin Dogs (0DOG) is positioning itself as a significant player in the crypto ecosystem. With its unique offerings and upcoming game launch, analysts are beginning to speculate on the potential for a breakout in the Bitcoin Dogs token, making it one of the most promising projects to watch in the coming months.

Bitcoin (BTC) surges toward new all-time highs

Bitcoin’s recent trading session has been nothing short of dramatic, as its price soared to a high of $73,562, just shy of its all-time high of $73,737 set in March.

This impressive rally began late Monday when BTC first crossed the $70,000 threshold, marking a five-month high.

The surge attracted considerable interest from both retail and institutional investors, particularly in light of the growing confidence surrounding Bitcoin Exchange-Traded Funds (ETFs) launched earlier in the year. CoinShares reported a remarkable $1 billion in new investments flowing into Bitcoin-related funds last week, highlighting robust institutional faith in Bitcoin’s future.

Interestingly, the cryptocurrency community’s reaction to this near-record price point was relatively muted compared to past market rallies. This subdued response could indicate a maturing market where investors are becoming accustomed to Bitcoin’s high-value trading range.

Additionally, as the US presidential election approaches, Bitcoin’s performance has emerged as a critical focal point, especially with pro-crypto candidates gaining traction in prediction markets.

Following its impressive rally, Bitcoin has retraced slightly, settling at $72,369.36 at press time. The market sentiment is however still bullish pointing to the potential of BTC registering a new ATH soon.

Bitcoin Dogs (0DOG) expected to ride the bullish wave

Amid Bitcoin’s ascendance, Bitcoin Dogs (0DOG), a new meme coin, is drawing attention for its unique approach within the cryptocurrency landscape.

As the first-ever Initial Coin Offering (ICO) on the Bitcoin blockchain, Bitcoin Dogs raised $13.4 million and minted 900 million tokens—reflecting the estimated number of dogs on Earth. The project aims to blend the enthusiasm of dog lovers with the engaging world of blockchain technology.

Despite experiencing a 9.7% decline over the past week, there are signs that the price of Bitcoin Dogs (0DOG), which currently sits at $0.008722, could be on the verge of a major break out.

Upcoming catalysts for Bitcoin Dogs include the launch of its play-to-earn game, which is set to offer holders unique pathways, epic battles, and in-game rewards.

This innovative game aligns with the growing interest in blockchain gaming and NFTs, positioning Bitcoin Dogs for potential breakout success. Furthermore, the NFT drop associated with the game could significantly enhance community engagement and token value.

In addition, analysts note that Bitcoin Dogs is well-positioned to capitalize on several bullish trends, including Bitcoin’s resurgence, the rising popularity of meme coins, and the flourishing Telegram gaming market.

With a focus on community-driven initiatives, Bitcoin Dogs combines the utility that gaming tokens on Bitcoin need with a playful nod to dog-themed meme culture. The project also features a comprehensive Dog Owners Manual, providing users with insights on managing their digital pets, thereby enhancing the user experience.

With Bitcoin (BTC) teasing new all-time highs and Bitcoin Dogs (0DOG) gearing up for exciting developments, the coming months could see significant shifts in the cryptocurrency market. Investors and analysts alike will be closely watching these two assets as they navigate this promising yet volatile landscape.

For more information about the Bitcoin Dogs project, visit their official website here.

The post Analysts anticipate a Bitcoin Dogs breakout as Bitcoin (BTC) teases new ATH appeared first on CoinJournal.