Bitcoin surged to a fresh record high of more than $63,000 on Tuesday, as investors awaited the highly-anticipated stock market debut of cryptocurrency exchange Coinbase.
The price of bitcoin climbed as high as $63,729.5 on Tuesday, according to data from Coin Metrics. It was last trading just under $63,000. Ether, the second-most valuable digital coin after bitcoin, also set a fresh record, climbing to $2,317.
Coinbase is set to go public on Wednesday through a direct listing that could value the company at as much as $100 billion — more than major trading venue operators like Intercontinental Exchange, owner of the New York Stock Exchange. Crypto investors are hailing the company’s stock market debut as a major milestone for the industry after years of skepticism from Wall Street and regulators.
Reference: CNBC
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