Bitcoin and Dogecoin Prices Soar to Records Ahead of Coinbase Listing

Prices of cryptocurrencies surged to record highs Wednesday as the coming listing of exchange Coinbase Global Inc. propelled interest in digital assets. Bitcoin hit a record high of $64,754 apiece, ether traded as high as $2,398 and dogecoin—the meme cryptocurrency created as a joke—surged 77% to $0.13 after reaching as much as $0.14, according to CoinDesk. The rally in dogecoin came despite Coinbase not offering trading in it. Shares of Coinbase are set to start trading Wednesday and will be listed on the Nasdaq Global Select Market via a direct listing under the ticker symbol COIN. Nasdaq set the reference price for Coinbase, the largest U.S.-based cryptocurrency exchange, at $250, which would give it a valuation of about $65 billion—above that of Nasdaq Inc. The listing has drawn renewed attention to cryptocurrencies, pulling in new retail traders. This has benefited not only the most highly traded cryptocurrencies, such as bitcoin…

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