Bitcoin
BTC$19 417.13

-0.37%

Ethereum
ETH$1 054.14

-0.74%

Tether
USDT$0.998805

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Bitcoin hits new all-time high above $63000 ahead of Coinbase debut


14 Apr 2021

#Bitcoin

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.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 57.6% 94 $19 417.13 -0.37% -6.69% $370 518 379 758 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 56% 91 $1 054.14 -0.74% -7.16% $127 934 699 226 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.2% 1 $0.998805 -0.01% -0.05% $66 153 066 492 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 96% 1 $0.999924 -0.04% 0% $55 798 347 438 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 58.8% 84 $219.31 3.08% -4.71% $35 808 055 268 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 91.2% 1 $0.999713 -0.18% 0.03% $17 542 191 048 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 62.8% 72 $0.316356 -1.24% -13.78% $15 293 642 726 XRP 7 days price change
8 Cardano (ADA) ADA Cardano predictions 64.4% 77 $0.450457 0.39% -7.35% $15 285 845 233 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 65.6% 74 $32.57 2.28% -14.16% $11 179 080 080 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 65.2% 76 $0.065111 -0.31% 0.92% $8 638 322 639 DOGE 7 days price change
11 Dai (DAI) DAI Dai predictions 92% 1 $1.000095 0.04% 0.03% $6 778 457 853 DAI 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 67.2% 72 $6.67 -1.75% -14.72% $6 584 853 900 DOT 7 days price change
13 TRON (TRX) TRX TRON predictions 56.4% 91 $0.065036 1.48% 2.02% $6 015 244 429 TRX 7 days price change
14 UNUS SED LEO (LEO) LEO UNUS SED LEO predictions 72% 55 $6.09 2.86% 4.89% $5 813 814 977 LEO 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62.8% 71 $0.000010 1.53% 0.03% $5 532 168 891 SHIB 7 days price change

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