Bitcoin is back above $60,000 as Coinbase gets ready for public debut
CNN
The bitcoin bull market rages on: The price of one bitcoin is back above $60,000, and not far from its all-time high, as investors gear up for this week's eagerly awaited direct listing of cryptocurrency exchange Coinbase Global.
Bitcoin has more than doubled this year, and it represents just over half of the overall cryptocurrency market's value of nearly $2.1 trillion. That's only slightly less than the market value of Apple (AAPL). Coinbase's debut, set for Wednesday, could be a catalyst for the recent bitcoin and broader crypto surge. Coinbase is profitable and has reported strong revenue growth, and that could further help validate crypto buying and selling as a business.
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