The new record is due to the expectation for the IPO of Coinbase, the main cryptocurrency exchange in the United States.
The price of bitcoin surpassed the US $ 62,000 on Tuesday to beat its listing record on the eve of the IPO of one of the largest cryptocurrency exchange platforms, Coinbase.
At dawn on Tuesday, bitcoin was sold at US $ 62,857, with which its price has increased 114% since the beginning of the year at a time when Wall Street is about to receive for the first time in its quotations a company dedicated to cryptocurrencies.
“This is an important signal, as it indicates that it is increasingly unlikely that regulators will decide to be tougher on the industry,” said Naeem Aslam, an analyst at Avatrade.
Many traditional investors are taking an interest in bitcoin, the main cryptocurrency, and big names on Wall Street like JP Morgan or BlackRock now offer specialized funds to their clients.
Since October 2020, when the online payment platform PayPal announced the possibility of using cryptocurrencies on its network, the price of bitcoin has skyrocketed: until then, it sold around US $ 15,000 and had never exceeded US $ 20,000.
“The risk of the bitcoin bubble bursting still exists,” warned Ipek Ozkardeskaya, an analyst at Swiss Quote.
The bitcoin market is used to sudden movements. In 2017, it started the year at less than $ 1,000 before hitting $ 20,000 in December, then plummeting below $ 4,000 in 2018.
