The price of bitcoin has approached a record high
The price of bitcoin rose at the beginning of the new week and approached its record high. The mood in the digital currency market is supported by the impending entry on the stock exchange of the American company Coinbase Global.
The largest and most famous cryptocurrency strengthened by 2.6 percent on Monday and its price reached almost a monthly maximum of 61,229 USD (51,505 euros). Later, however, it lost its profits and its price practically stagnated.
Bitcoin reached a record $ 61,742 on March 13. Over the past year, its price has almost doubled.
Acceptance of cryptocurrencies on Wall Street is increasing. Coinbase Global, which operates America’s largest cryptomen exchange, will enter Nasdaq on April 14. It is the first such quotation of a large crypto-company and for other start-ups from the industry also a test of investor interest.
“The crypto-company, which is heading for the stock market, is a big milestone,” said Nick Jones, the head and co-founder of the Zumo cryptocasset.
“Such steps make consumers feel safer about cryptocurrencies and, most importantly, increase confidence in the space.”
Bitcoin remains the main driver of the angiomata market, which has already totaled more than $ 2 trillion, and has been of interest to several large companies and institutional investors in recent months. Companies that have purchased bitcoin include Tesla and Square.
Even large investment banks are already looking for ways to enable their clients to invest in digital assets. Morgan Stanley announced in March that it would give its clients it manages access to bitcoin funds.