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Morpho (MORPHO) Soars 40%, Hits ATH on Coinbase Partnership Buzz
Morpho’s native token MORPHO soared over 40%, reaching an all-time high of $4.11 on January 17, 2025. The surge followed a groundbreaking partnership with Coinbase, introducing Bitcoin-backed loans to US customers. Trading volume spiked 183% to $222 million, reflecting heightened investor interest in the DeFi platform.
Source: CoinMarketCap
The collaboration revolutionizes borrowing by eliminating reliance on credit scores. Borrowers over-collateralize Bitcoin, receiving loans below their posted value. Coinbase’s wrapped Bitcoin (cbBTC) facilitates this process, allowing users to mint cbBTC while utilizing Morpho’s lending services.
Can Morpho Maintain Its Momentum?
The Morpho/USDT chart on the 4-hour timeframe indicates a strong bullish trend, with the price rising from $2.50 to $4.04. RSI has entered the overbought zone at 75.59, signaling potential momentum exhaustion. The MACD histo
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