Polkadot Price Upcoming Move As The Bears Emerge.
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Bitcoin Reaches All Time New Highs Near $63k.
2021-04-13 | Selina Mathew
"Cryptocurrency markets are showing robust strength prior the Coinbase IPO as bitcoin moves into the all-time high territory," Matthew Dibb, COO & co-founder of Stack Funds.”"A re-rating of cryptocurrencies is certainly on the cards following the $100 Bln valuations of Coinbase's shares [COIN]," Dibb explained. Analysts projections for COIN's listing are starting from $19 Bln to $230 Bln, as discussed last week. COIN shares will offer traditional investors exposure to a cryptocurrency platform that earns money from fees while avoiding the volatility & risk of cryptocurrencies themselves. "Coinbase will be a lower beta play," Delphi Digital's Kevin Kelly explained Bloomberg. The cryptocurrency exchange recently disclosed Q1 revenue growth of 840% year-on-year, blowing past analysts' estimates by an enormous margin. Bitcoin's latest rally is amid record highs in Ethereum [ETH, +2.6%], the 2nd-leading cryptocurrency by market price, and cryptocurrency exchange Binance's BNB token. Alternative cryptocurrencies, generally, have performed better than bitcoin in recent weeks, pushing the latter's market dominance to two-year lows near 55%, consistent with data source TradingView.
