Crypto market mixed but exchange tokens gain ahead of Coinbase listing


Bitcoin and Ethereum have dipped but a number of other cryptocurrencies are flying this afternoon in the buildup to next week’s Coinbase listing.

VeChain, Solana, the Celsius Network, Helium, Tezos and Decred had all hit all-time highs in the past 24 hours, but the gains were far from across the board.

Of the top 100 coins on Coingecko, 51 had gained ground while 49 had lost it.

Crypto market
Coin360

Bitcoin and Eth were both down slightly, with BTC trading at just over $US58,000 ($75,000) and Ether just under $US2,100 ($2,750).

The Crypto Fear & Greed index had dipped to a 72, indicating “greed” but down from the “extreme greed” exhibited both last week and last month.

Many crypto fans were looking ahead to the April 14 direct listing of Coinbase onto the NASDAQ, in a move that bypasses a traditional initial public offering.

Coinbase will be the first cryptocurrency exchange to be publicly traded — but a number of other exchanges have their own tokens, many of which were doing well this afternoon.

Binance Coin was up 6.4 per cent to $US413; Bitfinex’s LEO Token was up 4.3 per cent to $US2.09; and the FTX derivative exchange’s FTT token was up 4.4 per cent to $US46.34.

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