Bitcoin hits new all-time high above $62,000 ahead of Coinbase debut

The Coinbase application for exchanging cryptocurrencies that appears on the screen of an iPhone.

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Bitcoin hit a new record high of more than $ 62,000 on Tuesday as investors waited for the highly anticipated debut of the Coinbase cryptocurrency exchange.

The price of Bitcoin rose more than 4% in the past 24 hours, reaching $ 62,718, according to Coin Metrics. Ether, the second most important digital coin after Bitcoin, also set a new record, rising to $ 2,210.

Coinbase is expected to go public on Wednesday and could be worth up to $ 100 billion – more than major operators of trading venues like Intercontinental Exchange, owners of the New York Stock Exchange. Crypto investors are hailing the company’s public debut as a major milestone for the industry after years of skepticism from Wall Street and regulators.

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