BTC hit new record as first crypto exchange goes public!

BTC hit new record as first crypto exchange goes public!

What happened?

Bitcoin hit a record high of $62,650 today, driven by encouraging news:

Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!

It’s one of the most significant events for crypto fans in 2021. Why?

  1. It will be the first listing of this kind for a cryptocurrency company. It’s so intriguing as if this listing goes well, it will open the doors for other start-ups in the sector.
  2. Most of the time, companies that make their debut on the market aren’t profitable at the beginning. Here’s another story. The company has already revealed astonishing earnings that might push the stock price up on April 14th. Coinbase ended 2020 with a revenue of $1.1 billion. What is more impressive is that the company’s revenue for the first quarter of 2021 has already surpassed the revenue for the entire 2020 year: $1.8 billion. Wow!
  3. Coinbase is one of the most fascinating companies to go public in recent history! Some analysts believe such a huge hype over this event may lead to an extremely high valuation. By some estimates, the company may reach $80 billion or even $100 billion.

According to crypto lender Nexo: “Coinbase listing on the Nasdaq is as bullish a signal as possible at this current stage”. Some investors have doubts over the company’s stability as cryptocurrencies are volatile, but anyway it will be interesting to follow and should improve the market sentiment. BTC/USD, other cryptocurrencies, Nasdaq, and other stocks will be mostly impacted! Follow the event on April 14 and keep an eye on the charts!

What’s happening with Bitcoin?

BTC/USD is trading inside the ascending channel. If has managed to break the all-time high of $62,650, therefore, the way up to the next round number of $65,000 is clear now. Such a great event may even drive Bitcoin to $70,000 – everything is possible!

After the hype dies down, BCT/USD may drop. If it drops below the psychological level of $60,000, it may drop to the recent low of $59,500.

BTCUSDH4.png

Check our FBS Trader app, where you can easily trade cryptocurrencies and other assets! 

IMG_20210413_114843.138.jpg

TRADE NOW

Similar

Latest news

Weak USD, Gold and China's Stocks Recover
Weak USD, Gold and China's Stocks Recover

The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!

Gold and Bitcoin Rise, Fed is Eyed
Gold and Bitcoin Rise, Fed is Eyed

Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera