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Bitcoin nears record high ahead of largest US crypto exchange listing

Bloomberg
Bloomberg4/13/2021 9:32 AM GMT+08  • 3 min read
Bitcoin nears record high ahead of largest US crypto exchange listing
Digital-token exchange Coinbase is due to go public on the Nasdaq on April 14.
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Bitcoin neared an all-time high on Monday as bullish sentiment gathered steam ahead of a listing by the largest US cryptocurrency exchange.

The token rose as much as 2.6% to US$61,229 ($82,128), the highest in nearly a month, before falling back to trade little changed. On March 13, Bitcoin reached a record of US$61,742. The cryptocurrency is up almost ninefold in the past year, a return that towers above that of more familiar assets like equities or bullion.

Against the backdrop of Wall Street’s growing embrace of crypto, the direct listing of digital-token exchange Coinbase Global is fanning interest. Coinbase is due to go public on the Nasdaq on April 14, the first listing of its kind for a major cryptocurrency company and a test of investor appetite for other start-ups in the sector.

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