Bitcoin, ImmutableX & COIN – American Wrap 15 February

Bitcoin (BTC) price has its eyes peeled on the $55,000 range after clearing the $50K milestone, with investors demonstrating confidence in the continuation of the intermediate trend. Meanwhile, a renowned BTC adversary has shocked markets with a bold move to acknowledge BTC as a truly inclusive financial system. 
ImmutableX (IMX) price has been an outlier, recording a sustained series of higher highs since before Christmas. Based on the outlook, sidelined investors could soon have the opportunity to buy IMX at discounted rates as on-chain metrics signal a 7% correction.

Coinbase (COIN) stock soared over 20% in the last 24 hours, with the surge coming on the back of the firm’s fourth quarter (Q4) earnings call. The market has been watching to see how much Bitcoin exchange-traded funds (ETFs) first-month growth boosted Coinbase’s monthly active user count, considering the trading platform is the predominant custodian for BTC ETF issuers.

 

 


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