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Bitcoin price for the first time in history exceeded $ 63 thousand. – Bitxmi News

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Bitcoin price for the first time in history exceeded $ 63 thousand.

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Bitcoin price

Bitcoin price for the first time in history exceeded $ 63 thousand.

The first cryptocurrency has updated its all-time high, set in mid-March

Bitcoin price

For the first time in history, the bitcoin rate on the Bitxmi crypto exchange exceeded $ 63 thousand. Over the past day, the first cryptocurrency has risen in price by 3.4%, reaching a maximum of $ 62.9 thousand.

The asset has renewed its all-time high, set in mid-March. Then the bitcoin quotes at the peak reached $ 61.8 thousand. The last wave of growth in the bitcoin rate started on March 25, after it dropped to a local minimum of $ 50 thousand. Since then, the price of the coin has grown by almost 25%.

What is the reason for the Bitcoin price rise?

Bitcoin price

The cryptocurrency continues to rise in price amid the approaching listing of Coinbase shares on the Nasdaq. Tomorrow, April 14, the company will become the first public crypto exchange in history.

Coinbase released financials ahead of the listing. It became known that the trading platform’s income for the first quarter of 2021 amounted to $ 1.8 billion, profit – $ 730-800 million. At the same time, for the entire last year, the profit of the crypto exchange was 2.5 times less, $ 322.3 million, and a year earlier it incurred losses of $ 30 million.

Earlier, the founder and CEO of the investment company ARK Invest, Katie Wood, admitted that bitcoin could become the new gold standard and increase purchasing power. Previously, the company predicted that when the first cryptocurrency is included in the portfolios of institutional-level investors, the asset price could range from $ 100,000 to $ 500,000.

Read actual crypto news and crypto forecasts every day on https://news.bitxmi.com/

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

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