Bitcoin
BTC$61 285.60

7.63%

Ethereum
ETH$3 338.95

2.80%

Tether
USDT$1.000847

0.04%

Binance Coin
BNB$411.70

3.92%

Solana
SOL$115.79

6.61%

XRP
XRP$0.572503

-2.64%

Bitcoin Price Lifts Crypto Stocks Ahead of Coinbase Listing


15 Apr 2021

#Bitcoin

Listed firms that deal in cryptocurrencies or have exposure to them saw a field of green in global markets Wednesday, ahead of the much-anticipated direct listing of crypto exchange Coinbase on the Nasdaq. For instance, MicroStrategy, the data intelligence firm that has added huge amounts of bitcoin to its balance sheet saw its shares up 18.5% over the past few days, tracing a 7.8% jump Tuesday morning that mirrored bitcoin’s rise.

The emergence of bitcoin proxy stocks in recent months has created a cottage industry among investors who want crypto’s upside but don’t (or can’t) hold crypto itself. Indeed, JPMorgan filed to launch a “Cryptocurrency Exposure Basket” in March. The need for backdoor access to bitcoin is only heightened in the U.S., where the Securities and Exchange Commission has been extremely reticent to approve a bitcoin exchange-traded fund (ETF).

Also up in global trading was Colorado-based bitcoin mining company Riot Blockchain (NASDAQ: RIOT), which saw a 15% increase; and Canaan (NASDAQ: CAN), another mining firm that saw an 11% bump over the past 24 hours. Bitcoin, the leading cryptocurrency by market capitalization, was near all-time highs above $64,000 at press time.

Coinbase (NASDAQ: COIN), whose fortunes are closely wedded to the price of bitcoin, was slapped with a reference price of $250 ahead of Wednesday’s listing – somewhat lower than trading on private markets in the weeks running up to its debut. Coinbase coming to market is a rising tide for all crypto players, said Jonathan Rowland, CEO of London-listed cryptocurrency firm Mode, whose shares are up around 12% in the past few days. “I don’t think we have seen an uptick as high as I might have expected,” Rowland said in an interview. “We think that a lot of the crypto community who invest in shares may have taken some money off the table with some of the smaller holdings like Mode in order to buy Coinbase.”


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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 66.4% 70 $61 285.60 7.63% 19.00% $1 203 670 607 100 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 66% 76 $3 338.95 2.80% 13.80% $401 178 537 437 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92% 1 $1.000847 0.04% 0.08% $98 474 236 270 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 67.2% 66 $411.70 3.92% 9.81% $61 566 465 512 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 76.8% 42 $115.79 6.61% 10.92% $51 249 437 073 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 82.8% 29 $0.572503 -2.64% 4.69% $31 255 388 750 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $0.999889 0% 0% $28 645 014 753 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 67.2% 63 $0.628697 0.43% 5.82% $22 304 712 874 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 84.8% 27 $0.115323 16.49% 36.90% $16 521 691 232 DOGE 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 72.8% 50 $39.88 1.60% 6.89% $15 042 025 285 AVAX 7 days price change
11 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 68.4% 61 $0.142057 -0.45% 2.21% $12 498 985 751 WTRX 7 days price change
12 TRON (TRX) TRX TRON predictions 72% 60 $0.142025 -0.64% 1.85% $12 496 109 183 TRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 74.8% 41 $19.18 0.15% 3.96% $11 258 564 813 LINK 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 72.4% 49 $8.32 -0.39% 12.31% $10 688 826 213 DOT 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 92.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change

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