Is it 2021 again?
Circle (CRCL) debuted for Wild Upside Action at New York Stock Exchange on Thursday, with its shares being more than tripling from the IPO prize of $ 31.
For the Crypto industry, it is definitely a victory – a sign of strong traditional demand for the investor, and that crypto native companies really have a way to become public.
But Cryptocurrencies themselves were not thrilled. Bitcoin
Release more than 2% to $ 102,800, its weakest level of about one month, while Coindesk 20 (an index for the top 20 cryptocurrencies at market value except stableecoins, memcoins and exchange coins) fell over 3%. Leading sales are symbols such as sun, Avax and Aave, all with approx. 6%.
It is too early to tell if the trend will continue on a map, medium or long term, but for industry veterans it is hard not to see the nuances of another crypto-exchange listing-the Coinbase (Coin), which took place on April 14, 2021 and marked a then epic top of $ 65,000 for Bitcoin. About two months after the coin debut, Bitcoin had thrown almost 60% to approx. $ 28,000 level.
A sharp autumn slounce in prices had bitcoin again, which again claimed this level of $ 65,000, but sales quickly grabbed again. A brutal bear market followed through the end of 2021 and in 2022, when Bitcoin ultimately bound to about $ 15,000. Bitcoin would not regain a fresh record price until March 2024, almost three years after the Coinbase exchange listing.
Read more: Bitcoin can go towards a 2021-like double top
