The price of the most popular cryptocurrency in the world went to us on Wednesday, while investors were waiting for the first listing of a digital exchange on Wall Street.
Bitcoin BTCUSD,
broke the record on Tuesday of over $ 63,000, reaching $ 64,368, a gain of 6% in the last 24 hours. And the winnings were not just reserved for bitcoin, as ETHEUR ether,
on the Ethereum network, it gained about 10% over the same period, reaching a new record of nearly $ 2,370 early Wednesday. XRP XRPUSD,
which is linked to Ripple, increased 33% in 24 hours, the last trading at a new high of $ 1.95.
On Wednesday, Coinbase will begin trading on the Nasdaq under the symbol “COIN” as a direct listing. which means it does not raise capital, as a traditional IPO would. The digital platform was given a benchmark price of $ 250 per share late Tuesday night, valued at about $ 67 billion.
Do you want a bumpy course in the crypto future? Sign up for the free MarketWatch live event: Sign up here!
The reference price does not determine where the shares will open, but investor enthusiasm is growing, and analysts say this is reflected in the recent rise in digital currency prices. Stock trading is mainly focused on bitcoin and Ether, the largest cryptocurrencies.
“Coinbase listing in the US is a big problem for many investors, as it somehow sends a signal that US lawmakers will not ban bitcoin, and the crypto king is here to stay now,” said Naeem Aslam, chief market analyst at AvaTrade. a note to customers. However, some have warned that the Coinbase rating may be too high.
Read: Coinbase IPO: everything you need to know about the “moment of the pool” in the crypto