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Seeking Alpha 2021-04-13 09:00:48

Bitcoin sets new record, topping $62K as Coinbase IPO nears

Bitcoin sets a new all-time high, trading above $62K for the first time as Coinbase (COIN) approaches its market debut.Bitcoin (BTC-USD) is up about 4%, near $62,500 after hitting an intraday high of nearly $62,750.Crypto stocks are coming along for the ride in premarket trading.Riot Blockchain (RIOT) is up 8% before the bell. Marathon Digital (MARA) is up 7%, Bit Digital (BTBT) is up 7% and Future Fintech (FTFT) is up 4%.The Coinbase IPO is set for tomorrow and enthusiasm is growing based on a futures contract traded in Germany.The contract rose sharply, implying a $147B value for the trading platform.MicroStrategy (MSTR) announced yesterday it would pay non-employee board directors in Bitcoin.

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