bitcoin: Bitcoin touches $64,000 high as traders eye Coinbase listing indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
The highly anticipated
Coinbase (NASDAQ:COIN) IPO took place on Wednesday, putting companies in the cryptocurrency space in the spotlight as traders look for ways to play the large valuation of Coinbase and the rising price of Bitcoin.
Here is a look at some crypto stocks to play on the Coinbase IPO.
SOS Ltd: Mining company SOS Ltd (NYSE:SOS) took receipt of its third batch of 5,464 mining rigs. The company expects to hit 177 PH/s for Bitcoin mining and 356 GH/s for Ethereum. The company mined 42 Bitcoin in the first quarter and 916 Ethereum. The totals from the company were higher than originally projected.
Signs Point To Retail Investors Taking Over Bitcoin Momentum: CoinDesk entrepreneur.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from entrepreneur.com Daily Mail and Mail on Sunday newspapers.
By Eric Lam and Yakob Peterseil
Bitcoin jumped to an all-time high as the mood in cryptocurrencies turned bullish ahead of Coinbase Global Inc.’s listing this week.
The token rose as much as 5.5% to $63,246, exceeding the previous peak in March. Cryptocurrency-exposed stocks such as Riot Blockchain Inc. and Marathon Digital Holdings Inc. also advanced.
Crypto bulls are out in force as growing list of companies embrace Bitcoin, even as skeptics doubt the durability of the boom. In one of the most potent signs of Wall Street’s growing acceptance of cryptocurrencies, Coinbase will list on the Nasdaq on April 14 at a valuation of about $100 billion.