Bitcoin hit a record high above $62,000 Tuesday as the cryptocurrency exchange Coinbase prepares to launch shares on Wall Street. After crashing in 2018, the value of bitcoin rebounded and it has set records since late last year — rocketing from around $12,000 in October to more than $60,000 a month ago. The arrival Wednesday of cryptocurrency exchange Coinbase on the Nasdaq is one of Wall Street’s most anticipated events of the year even though some question whether the cryptocurrency market is sustainable. xThe cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2.0 trillion as it increasingly attracts interest from big names on Wall Street. Electric car giant Tesla has invested $1.5 billion in bitcoin and in March began accepting the currency as payment.

Source: The Guardian April 13, 2021 09:11 UTC