Bitcoin, Ether Scale New Heights Ahead of Coinbase's Historic Trading Debut

The high marks continue a two-day surge by the two cryptocurrencies in the lead-up to a seminal moment in the history of crypto.

By Kevin Reynolds

Apr 14, 2021 at 8:57 a.m. UTC

Updated Sep 14, 2021 at 12:40 p.m. UTC

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Bitcoin and ether, the two biggest cryptocurrencies, surged to all-time high prices on Tuesday, hours before the shares of crypto exchange Coinbase are due to start trading on Nasdaq.

"Coinbase going public provides a further boost of confidence in the cryptocurrencies sector," David Russell, vice president of market intelligence at TradeStation, wrote in an email.

The price for bitcoin (BTC), the oldest cryptocurrency and the largest by market value, set a new record of $64,829.14 before setting back to $63,633.51 at press time, up 0.8% in the last 24 hours based on CoinDesk 20 data.
Ether, the native cryptocurrency of the Ethereum blockchain and the second-largest overall, set a new high-water mark of $2,399.61, before subsiding to $2,380.84, up 4.7% in the last 24 hours.
The new marks continue a two-day surge by the two cryptocurrencies in the lead-up to Coinbase's direct listing, a seminal moment in the history of crypto. Analysts said the extra publicity and investor-relations chatter surrounding the listing might lead to an uptick in the pace of cryptocurrency adoption, or at the very least, speculation.

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