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 | 57.6% | 94 | $19 417.13 | -0.37% | -6.69% | $370 518 379 758 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 56% | 91 | $1 054.14 | -0.74% | -7.16% | $127 934 699 226 |  |
|
| 3 |  USDT |
Tether predictions | 95.2% | 1 | $0.998805 | -0.01% | -0.05% | $66 153 066 492 |  |
|
| 4 |  USDC |
USD Coin predictions | 96% | 1 | $0.999924 | -0.04% | 0% | $55 798 347 438 |  |
|
| 5 |  BNB |
Binance Coin predictions | 58.8% | 84 | $219.31 | 3.08% | -4.71% | $35 808 055 268 |  |
|
| 6 |  BUSD |
Binance USD predictions | 91.2% | 1 | $0.999713 | -0.18% | 0.03% | $17 542 191 048 |  |
|
| 7 |  XRP |
XRP predictions | 62.8% | 72 | $0.316356 | -1.24% | -13.78% | $15 293 642 726 |  |
|
| 8 |  ADA |
Cardano predictions | 64.4% | 77 | $0.450457 | 0.39% | -7.35% | $15 285 845 233 |  |
|
| 9 |  SOL |
Solana predictions | 65.6% | 74 | $32.57 | 2.28% | -14.16% | $11 179 080 080 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 65.2% | 76 | $0.065111 | -0.31% | 0.92% | $8 638 322 639 |  |
|
| 11 |  DAI |
Dai predictions | 92% | 1 | $1.000095 | 0.04% | 0.03% | $6 778 457 853 |  |
|
| 12 |  DOT |
Polkadot predictions | 67.2% | 72 | $6.67 | -1.75% | -14.72% | $6 584 853 900 |  |
|
| 13 |  TRX |
TRON predictions | 56.4% | 91 | $0.065036 | 1.48% | 2.02% | $6 015 244 429 |  |
|
| 14 |  LEO |
UNUS SED LEO predictions | 72% | 55 | $6.09 | 2.86% | 4.89% | $5 813 814 977 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 62.8% | 71 | $0.000010 | 1.53% | 0.03% | $5 532 168 891 |  |
