Bitcoin (BTC/USD) Price Chart: 4 - Hour Time Frame (January 2021 – April 2021) Regardless of potential sensitivities, the breakout in Bitcoin, Ethereum, XRP and other cryptocurrencies alongside a stellar direct listing from Coinbase suggest cryptocurrency continues to gain mainstream popularity which may continue to drive price gains. Already, companies that have boasted exposure to Bitcoin through their balance sheets, like Tesla and Microstrategy, have shown some degree of correlation to the BTC/ USD spot price. Going forward, traders looking to trade or invest in Coinbase shares should track sensitivities in share price relative to the price of Bitcoin. Companies with similar valuations include Lockheed Martin, Union Pacific and IBM. Coinbase (COIN) Price Chart: 1 – Minute Time Frame (April 14, 2021)Īs shares quickly surged to an intraday high of $429, Coinbase (COIN) briefly enjoyed a market capitalization north of $110 billion making it one of the largest 80 companies in the world. Coinbase shares, which are perhaps the most straightforward display of public perception regarding cryptocurrencies outside of the coins themselves, opened considerably higher than their initial list price of $250 at $381. Wednesday’s gains have seen Bitcoin climb more than 105% in the year-to-date as widespread corporate adoption has helped drive persistent demand for the digital asset. Bitcoin vs Gold: Top Differences Traders Should Knowīitcoin Price Forecast: Cryptos Surge Alongside Coinbase's Nasdaq Debutīitcoin came within striking distance of $65,000 Wednesday as a broad-based cryptocurrency rally took off alongside the Coinbase initial public offering.Gains were observed across the crypto world as a leading cryptocurrency exchange, Coinbase, debuted on the Nasdaq.
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