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Bitcoin, Ether Scale New Heights Hours Before Coinbase’s Historic Trading Debut

Bitcoin, Ether Scale New Heights Hours Before Coinbase’s Historic Trading Debut

Bitcoin and ether, the two biggest cryptocurrencies, surged to new all-time high prices on Tuesday, hours before the shares of crypto exchange Coinbase are due to start trading on Nasdaq.

  • 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 $64,456.70 at press time, up 2.87% 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 $2,373.24, up 7.61% in the last 24 hours.
  • The new marks continue a two-day surge by the two cryptocurrencies in the leadup 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.
Disclosure
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
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