Bitcoin briefly breaks the $50,000 barrier as Coinbase’s direct listing looms – TechCrunch

Hoddle-Crew has been quite a moment as Bitcoin has crossed the $ 50,000 mark for the first time today. The data Pegs A peak of over $ 50,500.

The price of bitcoin, the world’s best-known cryptocurrency, has historically proven a reasonable proxy for consumer interest in the cryptocurrency space, and for Trading activity among blockchain-based assets. The price of bitcoin has retreated since the milestone, and is now priced at just over $ 49,000.

Bitcoin has been on a tear this year, rising from the $ 30,000 mark in early 2021 to around its recent $ 50,000 milestone, profit or 66%. Looking back a year and the gains are even more impressive, the price of bitcoin rose from about $ 10,000 a year ago to its current price, a 400% jump.

Fortunately for investors and believers in other decentralized tokens, it is not just bitcoin that is enjoying a valuation updraft. Cardano, one of the most valuable blockchain assets, is about 28% as of last week From CoinMarketCap. Its total value is near $ 8 billion dollars.

Companies built in the cumbersome cryptocurrency space can enjoy a boom as the price of bitcoin advances increases; Trading activity and consumer interest increase with the price of bitcoin, and companies like Coinbase make money from trading activity and consumer usage, starting 2021 strongly.

Is coinbase Is filed to the public, And Intends to pursue a direct listing In short.

What is the cost of bitcoin and its sister-token in the short term? In a market its melt-up to point fingers with any accuracy. But if one realizes that almost every asset class is setting new all-time records, then why not Bitcoin as well?