Bitcoin hits new all-time high above $63000 ahead of Coinbase debut
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 $63,236, according to data from Coin Metrics, before easing slightly to around $62,877. It was last up about 5% in the last 24 hours. Ether, the second-most valuable digital coin after bitcoin, also set a fresh record, climbing to $2,230.
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.
“This is really good and really important for the industry,” Marcus Swanepoel, CEO and co-founder of London-based cryptocurrency platform Luno, told CNBC. “It’s going to increase the trust and transparency in our industry.” “There’s still a bit of distrust in the industry and I think having a company of that size be public is going to help a lot of people realize that this is not just an asset class to take seriously but also a business to take seriously.”
Coinbase, founded in 2012, is the largest cryptocurrency exchange in the United States. It’s seen surging revenues this year thanks to a climb in the value of bitcoin and other cryptocurrencies. The company reported estimated revenues of $1.8 billion in the first quarter of 2021, a nine-fold increase from the same period a year earlier, while profits grew to between $730 million and $800 million.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 68.8% | 62 | $39 040.88 | -7.22% | -8.43% | $739 272 698 192 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 65.6% | 78 | $2 879.38 | -8.41% | -11.89% | $343 362 353 655 |  |
|
| 3 |  USDT |
Tether predictions | 92.4% | 1 | $1.000246 | -0.01% | -0.01% | $78 293 819 854 |  |
|
| 4 |  BNB |
Binance Coin predictions | 70% | 56 | $430.41 | -8.67% | -10.53% | $71 067 234 301 |  |
|
| 5 |  USDC |
USD Coin predictions | 94% | 1 | $1.000181 | -0.07% | 0.06% | $42 323 176 462 |  |
|
| 6 |  ADA |
Cardano predictions | 77.2% | 49 | $1.23 | -8.92% | -3.24% | $41 335 207 166 |  |
|
| 7 |  SOL |
Solana predictions | 60.4% | 87 | $123.76 | -9.49% | -15.76% | $38 925 443 034 |  |
|
| 8 |  XRP |
XRP predictions | 67.6% | 59 | $0.693543 | -6.81% | -11.08% | $33 056 440 033 |  |
|
| 9 |  LUNA |
Terra predictions | 71.6% | 58 | $77.96 | -5.52% | -1.68% | $27 793 156 881 |  |
|
| 10 |  DOT |
Polkadot predictions | 75.6% | 48 | $22.57 | -8.15% | -15.86% | $22 288 386 456 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 73.6% | 50 | $0.153937 | -6.61% | -21.88% | $20 422 994 619 |  |
|
| 12 |  AVAX |
Avalanche predictions | 62.8% | 77 | $76.66 | -9.52% | -14.89% | $18 732 789 600 |  |
|
| 13 |  BUSD |
Binance USD predictions | 94.8% | 1 | $1.000826 | 0.14% | 0.07% | $14 330 648 641 |  |
|
| 14 |  MATIC |
Polygon predictions | 70% | 64 | $1.91 | -7.86% | -15.40% | $14 245 685 054 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 68.8% | 68 | $0.000026 | -7.36% | -17.83% | $14 156 578 796 |  |
