The price of BTC has seen around a 5% increase in a day reaching a new all-time high of over $63.250 with a market cap of around $1.1 trillion.
This surge happens ahead of the crypto exchange Coinbase's going public on Nasdaq, which will be on April 14.Generally, the majority of cryptocurrencies have grown in price. The total market cap of the industry crossed $2.16 trillion. Ethereum surpassed $2.230, Binance Coin $613. Ripple's XRP surged above $1.72.
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Recently Coinbase announced that its revenue coming from the first quarter of 2021 broke above $1.8 Billion. In comparison to the last year's $190.6 million, it had a 900% increase.
Along with this, investment demand is high and financial companies are filing for new investment products including ETFs. Analysts say Coinbase's listing on Nasdaq increases the chances of the SEC approving a BTC exchange-traded fund. Currently, the agency views two of the submitted eight applications: those from VanEck and WisdomTree.