BTC is trading around $63,025.78 as of 23:00 UTC late on Tuesday. This represents a 4.07% climb over the previous 24 hours.
Bitcoin’s range in the past 24-hour: $59,728.31-$63,705.45.
Coinbase’s broadly expected direct stock listing on Nasdaq persists to stir up crypto-market interest, as Bitcoin’s price rocketed on Tuesday to a new record height.
At the time of writing this article, the No. 1 cryptocurrency by market cap is trading at $63,025.78, not far from the all-time high rate of $63,705.45 achieved earlier the same day.
The bullish outlook is also reflected on the Bitcoin’s futures market, with the yearly premium between the BTC futures price rate and spot price rate currently approaching 50% for three-month contracts. It is considered as a signal that many futures traders are expecting positive trends.
“Markets are setting themselves for the direct listing that possibly values Coinbase at more than $100 billion,” said Jason Lau, who is the head operating officer at OKCoin. “Consequently, the demand for Bitcoin, Ethereum, and other crypto has never been higher.”
We remind that a few days ago crypto analysts predicted that a breakthrough of the $61,000 for BTC could mean a skyrocketing rise in its price in the coming months.
