Bitcoin Aims for $62k and Ether Breaks Out into a New ATH as the Market Readies for Coinbase Listing

2021-4-11 16:48

The market is seeing a lot of green this weekend after having a rough start to the week. Bitcoin price surged past $61,200, nearing its all-time high of about $61,700 as the crypto market gained momentum.

Ethereum actually broke out into a new all-time high at $2,195 on Coinbase. ETH 2.39% Ethereum / USD ETHUSD $ 2,127.75
$50.85 2.39% Volume 24.8 b Change $50.85 Open $2,127.75 Circulating 115.42 m Market Cap 245.58 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=ETH&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 9 h Total Value Locked (TVL) in DeFi Surpasses $100 Billion; Revenue is Ready to Hit $1 Bln 9 h Bitcoin Aims for $62k and Ether Breaks Out into a New ATH as the Market Readies for Coinbase Listing 1 d Christie's Now Auctioning CryptoPunks; Bids & Payment to be Accepted in Ether

Naturally, the greens have the leveraged traders yet again going all-in that has the funding rates soaring. As of writing, the highest Bitcoin funding rate is 0.2128% on OKEx, while for Ether, it is 0.2235% on Binance.

“Bitcoin shorts just got steamrolled by a wave of leveraged longs. Binance quarterly basis just went from 34% to over 50% annualized, in three hours. Ethereum at all-time highs” noted trader and economist Alex Kruger.

$BTC consolidating hard with minimal funding rates.
Coinbase listing next week.
Took profit on all short term alt positions and rotated back to BTC. Not gonna sell long term alts, just compensating those with a $BTC long.
UP ONLY pic.twitter.com/M8TEvLIAAG

— Squeeze (@cryptoSqueeze) April 10, 2021

The biggest event in the crypto market right now is the Coinbase listing next week.

The largest cryptocurrency exchange in the US, Coinbase, is all set to make its trading debut on Nasdaq under the ticker “COIN” on Wednesday.

Just this week, the exchange announced its Q1 results that revealed a total revenue of approximately $1.8 billion, about $800 million in net income, $335 billion trading volume, and 56 million verified users.

“In a traditional stock portfolio, it gives exposure to an exchange platform that generates trading fees on crypto,” Greg Foss, Bitcoin investor and chief financial officer for Validus Power Corp, told Bloomberg.

“Those fees increase with volumes and volumes typically increase with prices, so there is a beta trade there.”

Coinbase is taking the direct listing route in which it won’t raise any new capital. It will allow shareholders to trade their shares without a lock-up period, which is typical in an initial public offering (IPO).

In the final week of trading on Nasdaq’s private market, Coinbase was valued at about $90 billion.

“For a crypto investor that also buys stocks, it has the ability to diversify risks as there is a very profitable exchange platform that trades on another venue (stock exchange) whose flows of buyers and sellers can be less correlated than many crypto prices.”

Source: Delphi Digital

Regardless of which crypto assets are performing the best, Coinbase will win in all the situations as to whether the market is going up or down, the trading volume soars the same.

The market expects a lot of volatility next week as COIN begins trading and starts as a beta play on the crypto volatility and price action.

Ahead of this, exchange tokens are also enjoying repricing, with FTX’s FTT token up 760% YTD. Leading crypto exchange Binance’s native token BNB is also hitting new highs every day, now targeting $500. Growing usage of Binance Smart Chain (BSC), due to high fees on the Ethereum blockchain pricing out small users, is also pushing it upwards. BNB 5.71% Binance Coin / USD BNBUSD $ 470.86
$26.89 5.71% Volume 6.22 b Change $26.89 Open $470.86 Circulating 154.53 m Market Cap 72.76 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=BNB&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 9 h Total Value Locked (TVL) in DeFi Surpasses $100 Billion; Revenue is Ready to Hit $1 Bln 9 h Bitcoin Aims for $62k and Ether Breaks Out into a New ATH as the Market Readies for Coinbase Listing 1 d Ledger Wallet And Shopify Face Class-Action Suit After Rogue Employee Leaks User Data

“The Coinbase IPO and BSC narratives perfectly coalesced for CZ to once again flex the social and financial capital of the behemoth that is Binance, and by extension, himself,” noted trader Hsaka.

Bitcoin/USD BTCUSD 59,653.0650 $1,318.33 2.21% Volume 57.8 b Change $1,318.33 Open$59,653.0650 Circulating 18.68 m Market Cap 1.11 t baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=BTC&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~BTC~USD"); The post Bitcoin Aims for k and Ether Breaks Out into a New ATH as the Market Readies for Coinbase Listing first appeared on BitcoinExchangeGuide.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

listing new market coinbase ftt like exchange

listing new → Результатов: 126


Top 5 Upcoming Token Sale in March 2021

Top 5 Upcoming Token Sale(IEO/IDO) – MARCH Edition After the ICO bubble busted in 2018, Projects were struggling to find new ways to raise funds, Funding Market was dried up and That’s when Binance launched a new method of fundraising called IEO(Initial Exchange Offering), which was more secure, and guaranteed a quick listing after the […] The post Top 5 Upcoming Token Sale in March 2021 appeared first on ItsBlockchain.

2021-3-2 13:51


Coinbase Exchange to Select Nasdaq Over NYSE For Direct Listing

Popular cryptocurrency exchange Coinbase has reportedly chosen to stage its highly anticipated direct placement on Nasdaq instead of the New York Stock Exchange. Nasdaq not the NYSE According to a recent publication by an online crypto news platform, TheBlock, sources familiar with the situation confirmed that the crypto exchange prefers to work with Nasdaq for […] The post Coinbase Exchange to Select Nasdaq Over NYSE For Direct Listing first appeared on BitcoinExchangeGuide.

2021-2-2 17:41


Фото:

Spotify’s New Job Listing is Looking for Associate Director to Help with Internal Crypto Efforts

Spotify is mulling joining the cryptocurrency bandwagon. Spotify Contemplating Adding Support for Crypto Payments According to a report by The Block published on December 3, audio streaming giant Spotify is looking into hiring an associate director to lead a payments strategy team involved in its cryptocurrency and digital asset efforts.

2020-12-5 10:30


Filecoin (FIL) Gains Listing On 3 Major Crypto Exchanges; 542 Blocks Until Mainnet Launch

Filecoin (FIL), a decentralized file sharing platform, will launch its mainnet today amidst positive sentiments from the crypto community. In preparation for FIL's launch, two major crypto exchanges – Kraken and Winklevoss-backed Gemini – have announced the launch of deposits and withdrawals features for the token, a new trend in the crypto space.

2020-10-15 16:30


Coinbase Pro to List Balancer (BAL) and Ren (REN) In A Push Towards The DeFi Ecosystem

In an announcement on October 1, Coinbase revealed two new listings – Balancer (BAL) and Ren (REN) – expected to start trading on Coinbase Pro starting October 6 officially. The latest move shows Coinbase's commitment to the decentralized finance world following the listing of over 10 DeFi tokens in the past three months, including Uniswap […] The post Coinbase Pro to List Balancer (BAL) and Ren (REN) In A Push Towards The DeFi Ecosystem first appeared on BitcoinExchangeGuide.

2020-10-2 17:11


Фото:

CoinEx Lists ONES Token First and Launches Initial Trade Offering with OneSwap’s Official Launch

OneSwap is a groundbreaking new DeFi project offering a decentralized exchange protocol on a smart contract, with permission-free token listing and automated market making. It offers multiple advantages over other swaps including the ability to preform limit orders and a user friendly interface that resembles familiar trading platforms.

2020-9-20 16:30