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Bitcoin Stuck Around $63K
The excitement around Coinbase‘s direct listing appeared to be short-lived and bitcoin’s price movement appears to be stuck within the same range as a day ago when the big U.S. cryptocurrency exchanges shares started trading on Nasdaq.To get more news about WikiFX, you can visit wikifx.com official website.
Coinbase shares (NASDAQ: COIN) soared to as high as $429.54 in its first hours of trading on Wednesday but closed at $328, below the initial opening price at $381.
The deflating passion was reflected Thursday in bitcoins spot trading activity: The daily spot trading volume from eight crypto exchanges tracked by CoinDesk dropped substantially, to below $2 billion, from near $5.5 billion on Wednesday.
Galaxy Digital CEO Mike Novogratz expressed his concerns about a broader market pullback to MarketWatch earlier Wednesday, adding that many “weird coins” have had huge volume spikes from retail traders.
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