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What the Coinbase listing means for the price of bitcoin and other cryptocurrencies – CNBC

Bitcoin surged to new highs, ahead of the stock debut of the Coinbase exchange, and some analysts say it could be a pivotal moment for cryptocurrencies.

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Bitcoin has been surging to record highs, ahead of Wednesday’s stock debut of crypto exchange Coinbase, and some analysts say the offering could be a potential pivotal moment for cryptocurrencies.
Bitcoin was trading up more than 5% Tuesday, above $63,220, according to Coin Metrics. Coinbase’s direct listing is expected to be a watershed moment for the crypto world and is likely to result in new offerings from other crypto-related entities. Coinbase is expected to price upwards of $60 billion and…

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