Bitcoin is Worth More Than $ 60,000 Again

The bitcoin is again worth more than $ 60,000, bringing the value back to around the record level that the crypto coin hit about a month ago.

Investors are likely to be incredibly excited about bitcoin lately as Coinbase, the largest U.S. digital currency trading platform, will soon be heading to the New York stock exchange.

CoinMarketCap monitors various platforms on which the crypto is traded, and bitcoin was worth about $ 60,700 on Saturday afternoon. On Monday morning, that is already about $ 60,900. A month ago, the currency spiked more than $ 61,000. After that, the exchange rate dropped to around $ 51,000 and then slowly increased again.

The price of crypto coins is also on the rise since large companies increasingly accept them. For example, electric car maker Tesla accepted bitcoin as a means of payment and payment companies such as Mastercard, Visa and PayPal also embraced digital currencies.

And experts previously argued that the price of digital currencies would also boost the hefty corona support package from U.S. President Joe Biden. As a result, investors would dare to step into more speculative investments such as bitcoins.

Analysts believe that bitcoin’s value could rise much further. With its upcoming IPO, Coinbase hopes to capitalize on this optimism. The company’s value is estimated at tens of billions of dollars.