Bitcoin hits new all-time high above $62,000 ahead of Coinbase debut

Tech

In this article

The Coinbase cryptocurrency exchange application seen on the screen of an iPhone.
Getty Images

Bitcoin surged to a fresh record high of more than $62,000 on Tuesday, as investors awaited the highly-anticipated stock market debut of cryptocurrency exchange Coinbase.

The price of bitcoin climbed more than 4% in the last 24 hours to hit $62,718, according to data from Coin Metrics. Ether, the second-most valuable digital coin after bitcoin, also set a fresh record, climbing to $2,210.

Coinbase is set to go public on Wednesday, and could be valued 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.

Articles You May Like

Veterinarians Debunk 15 Dog Myths
President Biden Speaks A Language Americans Understand On Climate Change – Jobs
How To Watch & Listen To Tesla Q1 Earnings Call (Livestream)
‘Unprecedented achievement’: who received the first billion COVID vaccinations?
Recruiting in trying times: How Lockheed Martin Space hired thousands (plus 700 interns) in a pandemic

Leave a Reply

Your email address will not be published. Required fields are marked *