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Cryptocurrency continues to dominate headlines this week, with several developments and changes taking place across the board. Here are some of the biggest pieces of crypto news from the last seven days.
1. Bitcoin Prices Continue to Fluctuate Amid Market Volatility
As has been the case with the cryptocurrency market for some time, prices for Bitcoin continued to be volatile this week. The coin hit a high of $65,000 on Wednesday before dropping back down to around $50,000 on Thursday. This market volatility follows a pattern of recent weeks, with prices surging then dropping in quick succession.
2. Coinbase Goes Public with High-Profile Direct Listing
In one of the biggest moments of the financial year so far, Coinbase went public on Wednesday, through a high-profile direct listing on the Nasdaq. Based on an opening valuation of $384 per share, Coinbase reached a market cap of over $100 billion. Despite initial high demand and rising prices, the value of Coinbase shares have since fallen to around $50,000 this week
1. Bitcoin Prices Continue to Fluctuate Amid Market Volatility
As has been the case with the cryptocurrency market for some time, prices for Bitcoin continued to be volatile this week. The coin hit a high of $65,000 on Wednesday before dropping back down to around $50,000 on Thursday. This market volatility follows a pattern of recent weeks, with prices surging then dropping in quick succession.
2. Coinbase Goes Public with High-Profile Direct Listing
In one of the biggest moments of the financial year so far, Coinbase went public on Wednesday, through a high-profile direct listing on the Nasdaq. Based on an opening valuation of $384 per share, Coinbase reached a market cap of over $100 billion. Despite initial high demand and rising prices, the value of Coinbase shares have since fallen to around $50,000 this week
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