Bitcoin Nears Record Before Largest U.S. Crypto Exchange Listing

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Follow us @crypto for our full coverage.Bitcoin neared an all-time high on Monday after a record run for stocks and ahead of a listing by the largest U.S. cryptocurrency exchange.The token rose as much as 2.6% to $61,229, the highest in nearly a month but still short of the March 13 peak of $61,742. Bitcoin is up almost ninefold in the past year, a return that towers above that of more familiar assets like equities or bullion.Against the backdrop of Wall Street’s growing embrace of cryptocurrencies, the direct listing of digital-token exchange Coinbase Global Inc. is also stoking interest. Coinbase is due to go public on the Nasdaq on April 14, the first listing of its kind for a major cryptocurrency company and a test of investor appetite for other start-ups in the sector.“Coinbase listing on the Nasdaq is as bullish a signal as possible at this current stage,” Antoni…

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