Will Bitcoin Crash? Not Below $48K, Blockchain Data Suggests
Blockchain data might give traders comfort that prices aren't likely to revisit the end-of-2020 level anytime soon.
Trading will begin on or after 9 a.m. PT Wednesday.
“People are still going to be cautious long-term, but this debut will eventually have some ability to attract traditional investors" said Edward Moya, Senior Market Analyst at Oanda.
Coinbase added SHIB little more than a month after that coin's creation, in marked contrast to its addition of dogecoin.
"My speculative guess is that institutions are buying bitcoin's price dip," one analyst said.
Trading will start on March 18 if sufficient supply of ADA is established on the platform.