Payment giant Visa and US crypto exchange Coinbase have expanded their partnership, announcing the launch of a service to buy cryptocurrencies using Visa debit cards.

According to the press release, the Coinbase exchange will integrate the Direct service into its infrastructure. Thus, the company's debit card holders will be able to fund their cryptocurrency accounts at any time of the day, as long as they have an account with the exchange.

Visa said that the new service will make fund transfers in the Web3 industry even faster and safer for users. In addition, thanks to it, the gap between traditional finance and the blockchain industry will be bridged, Coinbase and Visa believe.

It is believed that the innovation will expand the economic freedom of crypto exchange users, because now they have the opportunity to both replenish the account on the exchange in real time, and withdraw funds to a bank debit card Visa at any convenient time.

The demand for such services from clients of cryptocurrency exchanges and traditional payment services is growing. That is why major market players offer such services, strengthening the integration between the cryptocurrency industry and classical finance.

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Bitcoin briefly jumped to $73,525 during New York trading on Tuesday , just shy of its all-time high. The all-time high of $73,798 was set on March 14. The surge shows signs of a bull market, with several indicators pointing to Bitcoin reaching new highs, Cryptotimes reports.

First, Bitcoin has officially broken out of a seven-month downtrend. Its recent strong move above $68,000 has prompted traders to aim higher, with some eyeing a range between $85,000 and $160,000, as noted by noted trader Peter Brandt.

Secondly, Bitcoin's price action broke through significant selling zones in the $65,000 to $71,000 range, liquidating many short positions. This move left short traders with losses, forcing the bears to retreat.

Additionally, Bitcoin's market share has risen to 60%, its highest since March 2021. This metric is often viewed alongside the cryptocurrency fear and greed index as a barometer of investor sentiment, with rising dominance indicating a potential price rally.

Open interest in Bitcoin futures also jumped to a new all-time high of $43.6 billion, reflecting strong interest from market participants.

Additionally, the CME futures market has entered a contango, where futures prices are higher than spot prices. This indicates growing interest in Bitcoin as traders prepare for the upcoming price move.

Finally, there has been significant inflows into spot Bitcoin ETFs, with over $3.8 billion in the last two weeks alone. As of October 28, these ETFs had reached $68.5 billion in total assets under management, with further growth expected.

All of these factors together suggest that Bitcoin is on the verge of a major breakthrough that could lead to new all-time highs.

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