The price of the most valued cryptocurrency zoomed fresh highs on Wednesday, as crypto investors awaited the first listing of a digital exchange on Wall Street.
Bitcoin tuesday’s record high was above $63,000, early today BTC took out Tuesday’s fresh record, reaching as high as $64,829 before easing back to $63,554.
Some coins gained momentum too, ether ETHEUR, 2.19%, on the ethereum network, has gained around 10% over 24 hours, reaching a fresh record at nearly $2,399 earlier Wednesday.
XRP XRPUSD, -0.16%, which is pegged to Ripple, has jumped 11% in 24 hours, last trading at a new high of $1.80.
Coinbase is said to begin trading on the Nasdaq under the symbol “COIN” as a direct listing on Wednesday, meaning it isn’t raising any capital as a traditional initial public offering should.
The digital platform was given a reference price of $250 a share late on Tuesday evening, which values it at around $67 billion.
The reference price doesn’t determine where the stock will open, but investors expections are high as enthusiasm tends to be built.
Although trading on the exchange is centered mainly on bitcoin and ether, the biggest cryptocurrencies.
Meanwhile, Naeem Aslam a chief market analyst at AvaTrade, in a note to clients said;
Listing of Coinbase in the U.S. is a big Mark for many investors because it somehow sends a message that the U.S. lawmakers aren’t going to ban bitcoin, and the crypto king is here to stay now.