Bitcoin hits record high before landmark Coinbase IPO
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Bitcoin hit a record of $62,741 on Tuesday, extending its 2021 rally to new heights a day ahead of Coinbase`s initial public offering. The largest US cryptocurrency exchange`s listing on the Nasdaq on Wednesday is considered a landmark victory for cryptocurrency advocates. The world's biggest cryptocurrency, which has growing mainstream acceptance as an investment and a means of payment, rose as much as 5% on Tuesday.