Business / Bitcoin breaches $64,000-mark for the first time

London: The world's largest and popular cryptocurrency continues to rise for the second consecutive day on Wednesday. The day before, when bitcoin crossed the $ 62,000 mark, breaking its record for March highs, it crossed $ 64,000 on Wednesday. Bitcoin continues to move upward, with the crypto exchange Coinbase Global announcing the listing of shares.

In the Asian market, the price of bitcoin rose by 1.6 percent to cross $ 64,207. This is the highest ever price of bitcoin. The day before, bitcoin crossed the earlier record of $ 62,000 and then $ 63,000, breaking the record level of $ 62,711 on March 13. Digital Token traded at an all-time high of $ 63,729 on Tuesday.

450 percent increase in 6 months

In the last six months, bitcoin has registered significant growth and its value has increased by about 450 percent. In April 2020, bitcoin was trading at US $ 7000. Bitcoin gained $ 20,000 in December after a year of ups and downs, but within a single month, in January 2021, Bitcoin achieved a $ 40,000 figure and in February it set a milestone in the history of cryptocurrency at 50,000 Had crossed the dollar figure.

Despite all the apprehensions about cryptocurrency, there is excitement among investors about digital tokens. The biggest evidence of the increasing impact of cryptocurrency in Wallstreet is that the crypto exchange coinbase is going to be listed on the US Stock Exchange on the Nasdaq.

Coinbase's entry into the stock exchange is going to play an important role in opening the way for digital currency in the middle of the main economy. Earlier, US major banks Goldman Sachs and Morgan Stanley had announced that it had allowed its customers to invest in cryptocurrencies.