Coinbase Opens Amex Card With Up to 4% Back in BTC for U.S. Coinbase One Members

💡 DMK Insight

Coinbase’s new card for U.S. users could shift spending patterns significantly. Offering up to 4% back in bitcoin is a strong incentive, especially in a market where many are looking for ways to accumulate crypto without direct investment. This could lead to increased demand for bitcoin as users may prefer to spend in a way that earns them crypto rewards. For traders, this is a signal to monitor bitcoin’s price action closely, particularly if spending increases lead to higher demand. Watch for key resistance levels around recent highs, as a surge in adoption could push prices past those barriers. On the flip side, if the market reacts negatively to broader economic indicators or if spending doesn’t translate into significant bitcoin accumulation, we could see volatility. Keep an eye on how this card impacts overall bitcoin transactions and market sentiment in the coming weeks, especially as we approach the end of the month when spending habits typically shift.