Bitcoin hits new all-time high above $63,000 ahead of Coinbase debut
The Coinbase application for exchanging cryptocurrencies that appears on the screen of an iPhone.
Bitcoin rose to a new record high of more than $ 63,000 on Tuesday as investors waited for the highly anticipated debut of the Coinbase cryptocurrency exchange.
The price of Bitcoin rose 5% to $ 63,171 in the past 24 hours, before falling slightly to $ 62,653, according to Coin Metrics. etherThe second most important digital coin after Bitcoin also set a new record, rising to $ 2,222.
Coinbase is go public on Wednesday through a direct listing that could value the company at up to $ 100 billion – more than large trading venue operators like Intercontinental exchange, Owner of the New York Stock Exchange. Crypto investors are hailing the company’s public debut as a major milestone for the industry after years of skepticism from Wall Street and regulators.
“This is really good and very important to the industry,” Marcus Swanepoel, CEO and co-founder of the London-based cryptocurrency platform Luno, told CNBC. “It will increase trust and transparency in our industry.”