After trading in a range for several weeks and it appeared that the bull season was over, Bitcoin is on the run again. The flagship cryptocurrency broke above the previous ATH of $61,683 yesterday, according to Coinmarketcap.
As of this writing, Bitcoin price is hovering around $64,517 and edging close to the ATH of $64,758. This rally appears to come on the day scheduled for Coinbase to go live on Nasdaq. The San Francisco-based exchange will become the first crypto company to be listed on a stock market in the US.
The exchange could capitalize on the current market frenzy as it gets listed on Nasdaq today. Amid the crypto boom, Coinbase expects its first-quarter profit to be between $730 million and $800 million, which is twice its earnings in 2020.
Altcoin Market Turns Green as Bitcoin Rallies
The altcoin market has turned green as well following the Bitcoin price rally. Ethereum hit an ATH of $2,397 after trading up by 10.34% in the last 24 hours.
Dogecoin has made impressive gains after soaring by 90.05% in the last 24 hours. DOGE is currently trading at $0.1394 after retracing from its all-time high of $0.1409.
XRP price has also continued on its way up following the news of its integration with Wanchain. The token is currently trading around $1.92 after moving up by 18.28% in the last 24 hours.
