Bitcoin is back above $60,000 as Coinbase gets ready for public debut – CNN

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Bitcoin has more than doubled this year, and it represents just over half of the overall cryptocurrency market’s value of nearly $2.1 trillion. That’s only slightly less than the market value of Apple (AAPL).
Coinbase’s debut, set for Wednesday, could be a catalyst for the recent bitcoin and broader crypto surge. Coinbase is profitable and has reported strong revenue growth, and that could further help validate crypto buying and selling as a business.
Bitcoin mining in China could soon generate as much carbon emissions as some European countries, study finds
Based on recent private stock trades for Coinbase, the company is valued at a stunning level of nearly $68 billion. To put that into context, it’s a little bit more than the market value of New York Stock Exchange owner Intercontinental Exchange (ICE).
“The Coinbase direct listing is a major milestone for the crypto industry. It will allow investors to gain exposure to the business without having to own actual cryptocurrencies,” said Carlos Domingo, CEO of Securitize, a digital asset securities firm.
Bitcoin isn’t the only digital currency that’s surging: Ethereum has nearly
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