The price of bitcoin surpassed $ 62,000 on Tuesday to beat its listing record on the eve of the IPO of one of the largest cryptocurrency exchange platforms, Coinbase.
At around 08:30 GMT, bitcoin was selling at $ 62,732, with which its price has risen 114% since the beginning of the year at a time when Wall Street is about to receive for the first time in its quotations a company dedicated to the cryptocurrencies.
“This is an important signal, as it indicates that it is increasingly unlikely that regulators will decide to be tougher on the sector,” said Naeem Aslam, an analyst at Avatrade.
Many traditional investors are becoming interested in bitcoin, the main cryptocurrency, and big names on Wall Street such as JP Morgan or BlackRock now offer specialized funds to their clients.
Since October 2020, when the online payment platform Paypal announced the possibility of using cryptocurrencies on its network, the price of bitcoin has skyrocketed: until then, it sold around $ 15,000 and had never exceeded $ 20,000.
“The risk of the bitcoin bubble bursting still exists,” warned Ipek Ozkardeskaya, an analyst at Swiss Quote.
The bitcoin market is used to sudden movements. In 2017, it started the year at less than $ 1,000 before hitting $ 20,000 in December, then plummeting below $ 4,000 in 2018.