Bitcoin, Ether Scale New Heights Ahead of Coinbase's Historic Trading Debut
source link: https://www.coindesk.com/markets/2021/04/14/bitcoin-ether-scale-new-heights-ahead-of-coinbases-historic-trading-debut/
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Bitcoin, Ether Scale New Heights Ahead of Coinbase's Historic Trading Debut
The high marks continue a two-day surge by the two cryptocurrencies in the lead-up to a seminal moment in the history of crypto.
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Bitcoin and ether, the two biggest cryptocurrencies, surged to all-time high prices on Tuesday, hours before the shares of crypto exchange Coinbase are due to start trading on Nasdaq.
"Coinbase going public provides a further boost of confidence in the cryptocurrencies sector," David Russell, vice president of market intelligence at TradeStation, wrote in an email.
- The price for bitcoin (BTC), the oldest cryptocurrency and the largest by market value, set a new record of $64,829.14 before setting back to $63,633.51 at press time, up 0.8% in the last 24 hours based on CoinDesk 20 data.
- Ether, the native cryptocurrency of the Ethereum blockchain and the second-largest overall, set a new high-water mark of $2,399.61, before subsiding to $2,380.84, up 4.7% in the last 24 hours.
- The new marks continue a two-day surge by the two cryptocurrencies in the lead-up to Coinbase's direct listing, a seminal moment in the history of crypto. Analysts said the extra publicity and investor-relations chatter surrounding the listing might lead to an uptick in the pace of cryptocurrency adoption, or at the very least, speculation.
This content is for informational purposes only and should not be construed as investment advice. Nothing mentioned in this article constitutes any type of solicitation, recommendation, offer or endorsement to buy and sell any crypto asset. Trading in any financial market involves risk and can result in loss of funds. Before investing any money, one should always conduct thorough research and seek professional advice.
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