Bitcoin has spiked to a new record high of over $63,000 on Tuesday, as crypto fans awaited the highly-anticipated debut of crypto-exchange Coinbase.
The price of bitcoin went up to $63,729.5 on Tuesday. It was last selling right under $63,000. Ether, the second most popular cryptocurrency after bitcoin, also had a new record high, reaching $2,317.
Coinbase is going public today through a direct listing that might put the company’s value at $100 billion — a figure that is greater than the company that owns the New York Stock Exchange.
Crypto investors are celebrating the company’s debut as a huge milestone for the crypto world after years of skepticism from mainstream investors and regulators.
“This is a really important event for the industry., Marcus Swanepoel, CEO of crypto platform Luno, said to CNBC. “It will increase the transparency and trust in our industry.”