Latest Bitcoin Price

Bitcoin is at present exchanging at record highs of $64,500 as digital money fever spreads in the midst of the posting of Coinbase on Nasdaq.

Many accept the posting of Coinbase, which is one of the longest-running Bitcoin trades, will at last legitimize the business among institutional financial backers.

Early gauges foresee that Coinbase will be confronted with a valuation more than $100 billion, making it more significant than the Intercontinental Exchange that claims the New York Stock Exchange.

The cost of Bitcoin has expanded true to form this week as brokers endeavor to exploit the furthest down the line breakout to another untouched high after two months of solidification beneath $60,000.

From a technical perspective, there are certainly a number of signs that indicate how frothy the market is, notably the bearish divergence on Bitcoin’s daily chart from each higher high, but in the short-term it appears that continuation is on the cards.

It’s worth noting that a news event like Coinbase may become a “sell the news” event amongst savvy traders, much in the same was as Bitcoin fell from an all-time high of $20,000 in 2017 after being listed on the CME.

Levels of support remain at $61,800, $59,900 and $58,500, although the trajectory very much depends on the perceived bullishness of the Coinbase share price at open today.