Bitcoin (BTC) reached a new record on Tuesday. It’s up 5.97% at a price of US$63,322 as of this writing and ahead of Coinbase’s public debut. Ether (ETH) is the second most valuable coin and also increased in price on Tuesday to US$2,230.
$63,000 BTC
The BTC cryptocurrency has reached record highs in 2021, and it’s only April. Some analysts expect elastic Bitcoin (XBT) to be valued at US$400,000 by the end of the year.
Cryptocurrency exchange Coinbase is going public on Wednesday and will be trading under the ticker symbol COIN. “In a direct listing, the issuing company forgoes selling new stock and instead allows existing stakeholders to sell their shares to new investors.”
The Mac Observer has an introductory guide on what Bitcoin is and I’ve written a couple of tips to get started on buying cryptocurrency: 5 Cryptocurrency Exchanges to Help You Buy Bitcoin and 5 Cryptocurrency Wallets You Can Use to Store Your Treasure.