Bitcoin price latest – Coinbase prepares for $100 billion listing as Bitcoin and Dogecoin surge to record highs

THE world’s largest cryptocurrency exchange is preparing a $100 billion debut on the NASDAQ sending the price of coins surging.

Coinbase, which crypto fans use to buy and sell their currency, has been valued at $250 per share, giving it a market value of around $47 billion.

But major listing like Coinbase usually open significantly above their reference price with speculation that a $100 billion value is more realistic.

Coinbase’s Nasdaq debut helped send the price of Bitcoin surging too, with the cyptocurrency currently sitting at a record high of $64,000 per coin – a staggering 3% rise in just 24 hours.

It comes as Dogecoin, a cryptocurrency essentially based on a meme, surged in price today and got a boost from Tesla CEO Elon Musk when the tech founder tweeted a gif of the dog featured in the meme.

The virtual currency surpassed 10 cents for the first time in the last 24 hours, and currently sits at about 13 cents.

Musk, 49, tweeted a gif of a Shiba Inu dog — the “face” of the cryptocurrency — early this morning, causing its value to spike further. In the past, the SpaceX founder has posted about Dogecoin and its value increased.

The virtual “money” started as an internet parody more than seven years ago, according to CNN, but has since become a legitimate digital currency.

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