Bitcoin
Coinbase Launches Bitcoin-Backed Loans for USDC Stablecoin

Coinbase has introduced Bitcoin-backed loans, allowing users to borrow USDC stablecoin without selling their Bitcoin holdings.
The service, powered by the open-source lending protocol Morpho and built on the Base blockchain, is available to US customers except for those in New York State.
Coinbase Users to Borrow USDC with Bitcoin Collateral
The US-based crypto exchange shared the news in a post on X (Twitter). Coinbase said that the loan facility may support more collateral assets in the future.
“Bitcoin-backed loans are here. Borrow USDC against Bitcoin, without selling it. Rolling out to US users (ex. NY) starting now. More collateral assets and regions to come. Powered by Morpho Labs and built on Base. The future of finance is onchain,” Coinbase stated.
In a follow-up blog, Coinbase highlighted the advantages of its new offering. It emphasized its ability to delay potential tax implications by allowing users to borrow against Bitcoin rather than selling it.
The company also points to the seamless integration of on-chain protocols like Morpho and Base. According to the exchange, these integrations will make accessing financial services faster and more intuitive.
“This is another major step toward empowering our customers with greater control over their financial lives,” an excerpt in the blog read.
Coinbase’s USDC loan facility enables users to pledge Bitcoin (BTC) as collateral. The BTC is converted to Coinbase’s Bitcoin wrapper, cbBTC, at a 1:1 ratio and transferred to Morpho’s smart contracts. In return, users receive USDC, which can be used in various ways. For starters, users earn over 4% in rewards and can send it globally without any costs.
Additionally, users can convert USDC to USD for significant expenses, including car purchases or mortgage down payments. Coinbase also committed to streamlining the process, allowing users to borrow up to $100,000 in USDC, depending on the value of their Bitcoin collateral.
According to the blog, interest rates are variable, with Morpho determining the factor automatically based on market conditions. There is no fixed repayment schedule, making it flexible. However, failure to maintain the collateral’s value relative to the loan triggers automatic liquidation. This technicality has drawn mixed reactions from the crypto community.
“This is going to be a huge grab. People put their BTC up as collateral and then some event happens that triggers a dump in price resulting in auto-liquidation and you no longer own your Bitcoin, Coinbase does,” Kurt Knapp, a popular user on X, remarked.
Others expressed concerns about centralization risks and the variable interest rates, citing deviation from the decentralized ethos of DeFi.
“This sounds convenient for Coinbase users…but centralization and variable interest rates miss the mark for serious DeFi users who value decentralization and cost efficiency,” said Ashley, a proponent for decentralization.
Taken together, these concerns, among others, center on centralization and market volatility. Variable interest rates, recalculated every few seconds, could add unpredictability for borrowers.
“Coinbase says they’re re-starting “Bitcoin loans,” but read the fine print. Coinbase is just the middle man. They wrap bitcoin into cbBTC and deploy it into an Ethereum-based DeFi lending protocol called Morpho. I would not touch this product with a 10 ft pole,” another user added.
Additionally, the risk of liquidation during market downturns presents a significant drawback. If the value of Bitcoin plummets, borrowers could lose their collateral, potentially leading to significant financial losses. Thomas Young, a technology innovation researcher, has also flagged concerns about taxable events with this offering.
As the platform rolls out this service and explores new markets, its ability to address these concerns could determine the product’s success. Meanwhile, while the service is currently limited to the US, Coinbase has plans to expand globally.
The EU is likely the next market due to the alignment of USDC with MiCA regulations. Coinbase’s recent strides towards regulatory clarity in Europe position the EU as the exchange’s potential next target market amid plans to scale this offering internationally.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
Bitcoin Price Could Surge To $95,000 — But Analyst Sounds ‘Bull Trap’ Alarm


The Bitcoin price seemed to be breaking out of its consolidation range early on in the week, rising to as high as $88,500 on Monday, March 24. However, the flagship cryptocurrency appears to be back to ground zero, retracing to around $84,000 on Friday, March 28.
This recent price correction came following the release of inflation data in the United States. With the latest inflation data suggesting delayed rate cuts by the US Federal Reserve, risk assets — including cryptocurrencies — experienced significant downward pressure to close the week.
Here’s How BTC Price Could Fall To $62,000
The story gets a little grim for the world’s largest cryptocurrency after popular crypto analyst Crypto Capo put forward a bearish projection for the Bitcoin price in their latest post on the X platform. According to the crypto trader, the price of BTC could be on its way to a new low in this cycle.
Crypto Capo highlighted in their analysis of the BTC 12-hour chart that the $84,000 – $85,000 is pivotal for the premier cryptocurrency’s future trajectory. The online pundit noted that the Bitcoin price action could go one of two ways over the next few weeks.
In the first scenario, Crypto Capo expects the price of Bitcoin to enjoy a short-lived bullish burst to within the $95,000 – $100,000 range. This initial price run-up would be a bull trap for investors, according to the analyst. For context, a bull trap is a pattern that lures long traders (bulls) into the market by an initial upward surge followed by a quick reversal.
Fittingly, Crypto Capo predicts that Bitcoin will experience a capitulation event that will see its value plummet to the next main support. As seen in the chart below, this next major support lies within the $62,000 – $69,000 bracket, containing the April and November all-time high prices.
Source: @CryptoCapo_ on X
In the alternate scenario, Crypto Capo highlighted how the first bull trap idea could be invalidated. According to the trader, if the Bitcoin price successfully closes beneath the $84,000 – $85,000 range, it could fall to the $62,000 – $69,000 bracket.
Bitcoin Price At A Glance
As of this writing, the price of Bitcoin is moving around the $83,300 level, reflecting a 3% decline in the past 24 hours. This single correction event has wiped out the premier coin’s early-week profit, with CoinGecko data showing no significant gain or loss in the last seven days.
The price of BTC slides beneath $84,000 on the daily timeframe | Source: BTCUSDT chart on TradingView
Featured image created by DALL-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Bitcoin
El Salvador’s Nayib Bukele Open to White House Visit

El Salvador’s President Nayib Bukele has hinted at an upcoming visit to US President Donald Trump at the White House. The move has fueled speculation about closer cooperation between the two pro-Bitcoin leaders.
Although no official agenda has been released, if confirmed, the meeting would mark Bukele as the first Western Hemisphere leader to visit Trump at the White House during his current term.
Can Bitcoin Improve Diplomatic Relationship Between US and El Salvador?
On March 28, Bukele reacted to a report claiming that Trump plans to invite him to Washington.
Responding on social media, Bukele confirmed his willingness to visit and jokingly noted that he would bring “several cans of Diet Coke” — a nod to Trump’s well-known beverage of choice.
The two leaders have enjoyed a friendly relationship since Trump’s return to office. They reportedly spoke after the inauguration, and Trump later thanked Bukele publicly, commending his “understanding of this horrible situation” regarding US border issues.
Meanwhile, the possible visit follows El Salvador’s acceptance of deported Venezuelan gang members from the US.
These individuals were held at the country’s high-security Terrorism Confinement Center. The facility was recently visited by US Homeland Secretary Kristi Noem.
President Bukele’s administration has earned international praise — and criticism — for its tough stance on crime. His crackdown on gangs has transformed El Salvador from one of the most violent nations in the world to one of the safest in Latin America.
Meanwhile, speculation is growing within the crypto community that Bitcoin may emerge as a significant topic during the leaders’ discussions. Both Bukele and Trump have openly supported Bitcoin, though their approaches differ slightly.
Bukele’s stance on Bitcoin is notably proactive. In 2021, he spearheaded the creation of the world’s first national Bitcoin reserve, which has since grown to 6,130.18 BTC—worth over $512 million.

Moreover, his pro-Bitcoin initiatives have attracted substantial foreign investments, including partnerships with prominent crypto companies like Tether.
President Trump also recently became more supportive of the top crypto asset, reversing previous skepticism.
Earlier this month, Trump authorized the establishment of a US National Bitcoin Reserve, with the federal government holding initial holdings of around 200,000 BTC.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
Is Bitcoin About To Skyrocket Or Crash? What Truflation Says


In the March 27, 2025 analysis, titled “Where is Bitcoin headed next? A Signal hidden in Real-Time Data,” Truflation highlights a recurring phenomenon: each time its inflation index experiences a pronounced downtrend that later pauses or reverses, Bitcoin has tended to surge soon afterward.
Where Is Bitcoin Headed Next?
Truflation’s research points to a backdrop shaped by the aftermath of COVID-19, when central banks worldwide slashed interest rates to almost zero and funneled liquidity into the economy. That period of easy money overlapped with Bitcoin’s run to all-time highs in 2021. By 2022 and 2023, however, persistent inflation took hold, prompting the US Federal Reserve to reverse course. Interest rate hikes and quantitative tightening became the primary tools for fighting price pressures, with the Federal Reserve explicitly aiming to bring consumer price inflation down to 2%.
According to the Truflation report, real-time inflation readings reached as low as 2% in June 2023. The official Consumer Price Index (CPI), published by the Bureau of Labor Statistics, mirrored that pattern about a month and a half later, bottoming out at 3% in July 2023. Yet from mid-2023 onward, Truflation’s index did not simply keep dropping in a straight line. Instead, it oscillated between higher and lower bounds, demonstrating a cyclical pattern of disinflation that would then stabilize or reverse course. Truflation now believes that each of these cyclical “inflection points” closely correlates with subsequent upswings in Bitcoin’s price.
The report references four distinct periods from September 2023 to September 2024 when Truflation’s index trended downward and then either flattened or rebounded. In each of those cases, Bitcoin’s price rose soon after. Truflation suggests that a fifth such event may now be unfolding: the inflation index dropped steeply in early 2025, hitting around 1.30%—a level not seen in several months—before rebounding to 1.80%. This situation is reminiscent of previous disinflation troughs that, based on Truflation’s data, presaged a new wave of Bitcoin buying.
“When Truflation’s disinflation trend pauses or reverses, Bitcoin tends to rally shortly after. This pattern has repeated a few times already — and if history rhymes, it may be unfolding once again soon,’” the analysis states.
The underlying reason, Truflation explains, revolves around Bitcoin’s forward-looking nature and its sensitivity to changes in liquidity conditions. Strong disinflation usually prompts speculation that the Federal Reserve may be done raising rates and could soon turn dovish. While steep and unrelenting disinflation can trigger fears of recession, a slowdown or pause in that disinflation trend often reassures markets that the economy is not sliding into an economic downturn.
This “soft landing” scenario emboldens risk-on sentiment. Traders and investors who believe that inflation has been subdued enough to delay additional tightening—or to accelerate rate cuts—frequently channel their optimism into assets like Bitcoin.
The report acknowledges that no single piece of data, including Truflation’s own, holds absolute sway over an asset as complex and widely traded as Bitcoin. However, it emphasizes that real-time inflation expectations reverberate throughout global markets, influencing equities, commodities, and foreign exchange trading, in addition to crypto. By anticipating shifts in those expectations, some investors may find themselves ahead of the curve when official CPI reports and central bank pronouncements finally confirm or contradict the evolving trend.
“Truflation doesn’t influence Bitcoin in a vacuum. No single data source ever does. But inflation expectations ripple across a wide range of markets — from equities to commodities — and especially into bond yields and forex markets,” the analysis concludes.
At press time, BTC traded at $84,461.

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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