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2021-04-15

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Bitcoin surges to new high above $64,000 as investors wait for Coinbase IPO

The price of the world's most popular cryptocurrency marched to fresh highs on Wednesday, as investo

Bitcoin surges to new high above $64,000 as investors wait for Coinbase IPO

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And the gains weren't reserved only for bitcoin, as ether , on the Ethereum network, has gained around 10% over the same period, reaching a fresh record at nearly $2,370 early Wednesday. XRP , which is pegged to Ripple, has jumped 33% in 24 hours, last trading at a new high of $1.95.On Wednesday, Coinbase will begin trading on the Nasdaq under the symbol \"COIN\" as a direct listing. meaning it isn't raising any capital as a traditional IPO would. The digital platform was given a reference price of $250 a share late Tuesday evening, which values it at close to $50 billion.The reference price doesn't determine where the stock will open, but investor enthusiasm has been building, and analysts say that's reflected in the recent surging prices of digital currencies. 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