Bitcoin crosses the $ 63,000 mark for the first time in its history

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Tuesday, April 13, 2021 - 18:59
Point Trader Group

Bitcoin rose to a new record high of more than $ 63,000 on Tuesday (April 13th), as investors await the highly anticipated debut on the stock market of the cryptocurrency exchange Coinbase.

Bitcoin rose to $ 63.24 thousand, before retreating slightly to around $ 62.9 thousand.

Ether, the second most expensive cryptocurrency after Bitcoin, also set a new record, jumping to $ 2,230.

Coinbase is set to go public on Wednesday with a direct listing that could value the company as much as $ 100 billion.

Cryptocurrency investors are welcoming the company's stock market debut as a milestone in the industry after years of suspicion from Wall Street and regulators.

Coinbase, founded in 2012, is the largest cryptocurrency exchange in the United States.

And it has seen a rise in revenue this year thanks to the rise in the value of Bitcoin and other cryptocurrencies.

The company reported revenue of $ 1.8 billion in the first quarter of 2021, a nine-fold increase over the same period the previous year, while profits grew to between $ 730 million and $ 800 million.


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