On April 14, Bitcoin Base, one of the largest cryptocurrency exchanges in the United States, was listed on Nasdaq by direct listing, becoming the first direct public listing stock in Nasdaq history. The listing of Bitcoin base also directly stimulated the cryptocurrency market. The prices of cryptocurrencies such as Bitcoin, Ethereum and dogecoin rose, and the prices of Bitcoin and Ethereum exceeded $64,000 and $2,300 respectively, reaching new highs.

However, with the stock price of Bitcoin base shrinking, Bitcoin also fell from an all-time high, and technology stocks also fell across the board. In any case, the listing of Bitcoin base is still a milestone in the cryptocurrency world. The "land of faith" of cryptocurrency advocates has moved towards a larger market and accepted public scrutiny, and cryptocurrency has taken an important step towards the mainstream society.

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The Opening Trend of Bitcoin Base

Before the direct listing, the reference price given by Nasdaq was $250 per share, which made the valuation of Bitcoin base reach about $65.3 billion. Bitcoin base closed up 3 1.3 1% on the first day, and the opening price was $3,865,438 +0. After the opening, its share price soared by 70% to $429 per share, and its market value once exceeded 1 1000 billion, then its share price fell below the opening price.

Phoenix. com closed up 3 1% on the first day of listing, and its share price fluctuated greatly. Can bitcoin base support the valuation of 1000 billion?