Bitcoin almost $61k, XRP And Binance Coin Are Weekly Winners
Bitcoin spent the weekend battling the $60k level and is trading above this level for the past hours. It even broke the $61,000, but got rejected.
Waiting for Coinbase?
Traders seem to be looking for a next indication from the market that could indicate there is room and willingness to take Bitcoin to the next leg up and towards the $70k region. The listing of Coinbase on the Nasdaq stock exchange this 14 April might just be that event.
Market commentators claim that a good reception, aka a higher price upon listing, for Coinbase could be the positive trend Bitcoin needs. While a lackluster reception on its first day (think Facebook when it opened for stock market reception in its whole first year) could take crypto markets lower.
XRP and Binance Coin
On the broader altcoin market, some of the weekly winners were easy to spot. Dogecoin started another leg up over the weekend and now trades at around 7 cents while VeChain is simply having a fantastic 2021 so far.
If (or when) $BNB flips $ETH, will exchanges like @Coinbase accept #BSC with open arms and allow their users access to the worlds 2nd largest crypto by marketcap, along with the thriving ecosystem that comes with it?— PancakeSwap 🥞 #BSC (@PancakeSwap) April 11, 2021
Might have a tough time trying to justify why they couldn’t.
In the top 10 of CoinMarketCap the winners of the past week were Binance Coin, which now trades almost $600 per coin (some are openly wondering whether it can flip Ethereum). BNB started last week around $345.
Looks like another exciting week in crypto is about to start.