Coinbase Listing on S&P 500 Index Sparks Bullish Trend in Cryptocurrency Market

Recently, following President Trump's tariff policy exemption, the global cryptocurrency exchange Coinbase has been added to the S&P 500 index

Recently, following President Trump's tariff policy exemption, the global cryptocurrency exchange Coinbase has been added to the S&P 500 index, leading to a bullish trend in the cryptocurrency market.

As of 7:50 a.m. on the 14th, Bitcoin is trading at $104,163 on the global cryptocurrency market site CoinMarketCap. This reflects an increase of 1.27% from the previous day and 8.23% compared to a week ago. Ethereum, which had increased by more than 40% over the past week, recorded a price of $2,682, up 7.85% on this day.

Ripple's upward trend is also noteworthy. On this day, Ripple is trading at $2.57, marking a 1.68% increase and reclaiming its position as the third-largest by market capitalization. Additionally, Solana is up by around 5%, trading at $182.83, while the leading meme coin Dogecoin increased by 3.41% to $0.2391.

Experts interpret that the inclusion of cryptocurrency exchanges into the U.S. flagship stock market signifies an acknowledgment as a mainstream industry in the U.S. Coinbase, which went public on Nasdaq in April 2021, will be officially included in the S&P 500 starting on the 19th.