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 | 74.4% | 54 | $68 162.88 | 1.29% | 2.42% | $1 344 973 357 845 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 76.8% | 47 | $3 274.54 | 0.99% | -6.14% | $393 691 858 423 |  |
|
| 3 |  USDT |
Tether predictions | 95.6% | 1 | $1.000152 | 0.03% | -0.03% | $114 346 541 734 |  |
|
| 4 |  SOL |
Solana predictions | 64.4% | 70 | $185.46 | 3.95% | 9.94% | $86 186 508 174 |  |
|
| 5 |  BNB |
Binance Coin predictions | 77.6% | 42 | $587.73 | 2.03% | -0.70% | $85 766 608 554 |  |
|
| 6 |  USDC |
USD Coin predictions | 90.8% | 1 | $1.000037 | 0% | 0.02% | $34 143 589 887 |  |
|
| 7 |  XRP |
XRP predictions | 62.4% | 86 | $0.600180 | 0.16% | 1.41% | $33 586 578 872 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 72% | 55 | $0.135374 | 4.80% | 6.83% | $19 667 998 553 |  |
|
| 9 |  TON |
Toncoin predictions | 83.6% | 31 | $6.73 | 0.11% | -8.06% | $16 947 147 195 |  |
|
| 10 |  ADA |
Cardano predictions | 72.4% | 49 | $0.417243 | 1.33% | -4.43% | $14 980 752 444 |  |
|
| 11 |  TRX |
TRON predictions | 88.8% | 18 | $0.137318 | 0.34% | 2.05% | $11 955 029 826 |  |
|
| 12 |  AVAX |
Avalanche predictions | 77.6% | 38 | $28.63 | 2.71% | 1.70% | $11 305 031 034 |  |
|
| 13 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 90.8% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 84.4% | 30 | $0.000017 | 2.42% | -3.03% | $10 139 614 509 |  |
