Tuesday, July 22, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Cryptocurrency Bitcoin

Bitcoin reaches a new all-time high of $63,000, Ahead of Coinbase listing

Tech Gist Africa by Tech Gist Africa
04/14/2021
in Bitcoin, Cryptocurrency, Fintech, Payment, The Big 5, World News
0 0
0
Bitcoin coinase

Bitcoin coinbase

0
SHARES
Share on FacebookShare on Twitter

Bitcoin, the world’s largest cryptocurrency, hit a new high of $63,250 on Tuesday morning as Wall Street prepares for groundbreaking crypto-exchange Coinbase stock market debut on Wednesday.

But, according to Bank of America’s monthly survey, the majority of fund managers around the world believe bitcoin is only a bubble.

According to Coin Metrics data, the price of bitcoin climbed as high as $63,236 before easing slightly to around $62,877. It had risen by around 5% in the previous 24 hours.

Ether, the second-most popular digital currency after bitcoin, climbed to a new high of $2,230.

Coinbase is due to go public on Wednesday in a direct listing that could value the firm at $100 billion, more than existing trading venue operators such as Intercontinental Exchange, which owns the New York Stock Exchange.

After years of skepticism from Wall Street and regulators, crypto investors are hailing the company’s stock market debut as a major milestone for the industry.

The biggest cryptocurrency exchange in the United States is Coinbase. Thanks to a rise in the value of bitcoin and other cryptocurrencies, it has seen a surge in sales this year.

In the first quarter of 2021, the company posted revenues of $1.8 billion, a nine-fold growth over the same timeframe the previous year, with profits of $730 million to $800 million.

Bitcoin’s price has more than doubled since the beginning of the year, as mainstream investors have flocked to cryptocurrencies.

Bitcoin enthusiasts see the cryptocurrency as a gold-like store of value that can be used to diversify investment portfolios throughout economic downturns.

However, skeptic economists remain wary, seeing bitcoin as highly volatile and a medium for illicit transactions.

Read More on Tech Gist Africa:

The Market Capitalization of Cryptocurrency has surpassed $2 trillion for the first time, as Ethereum reaches new highs

Bitcoin exceeds $50,000 for the first time as Major Corporations jump into Cryptocurrency

Tesla purchases $1.5 billion worth of Bitcoin, intends to accept cryptocurrency as payment

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Africa Tech
Insights

Tech Diplomacy: How Africa is Leveraging Technology for International Relations and Development

by Tech Gist Africa
07/21/2025
0

In an era where digital tools are reshaping geopolitics, Africa is increasingly turning to tech diplomacy as a strategic lever...

Read more
Media and Entertainment

How African Technology is Changing the Face of Media, Entertainment, and Digital Content

07/14/2025
Ecobank

Ecobank, Google Partner to Boost Financial Inclusion and Innovation Across Africa

07/08/2025
AWIEF

AWIEF 2025 Awards Nominations Now Open to Celebrate Africa’s Top Women Entrepreneurs

07/08/2025
Google for Startups Accelerator Africa

15 African AI startups Selected for Google for Startups Accelerator Africa

07/08/2025
Next Post
Flat6Labs Tunis

Flat6Labs Tunis has selected eight startups for the latest edition of its accelerator program

Playstation PS5

Sony intends to make PlayStation video games available on smartphones

ScholarX

ScholarX, a Nigerian ed-tech startup, has teamed up with Airtel to launch a new mobile learning platform

No Result
View All Result

The Big 5

Africa Tech

Tech Diplomacy: How Africa is Leveraging Technology for International Relations and Development

by Tech Gist Africa
07/21/2025
0

...

Media and Entertainment

How African Technology is Changing the Face of Media, Entertainment, and Digital Content

by Tech Gist Africa
07/14/2025
0

...

Ecobank

Ecobank, Google Partner to Boost Financial Inclusion and Innovation Across Africa

by Tech Gist Africa
07/08/2025
0

...

AWIEF

AWIEF 2025 Awards Nominations Now Open to Celebrate Africa’s Top Women Entrepreneurs

by Tech Gist Africa
07/08/2025
0

...

Google for Startups Accelerator Africa

15 African AI startups Selected for Google for Startups Accelerator Africa

by Tech Gist Africa
07/08/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.