Prices are lower with the General IPO, to revive the memories of the Coinbase Summit

Is it 2021 again?

CRCL circle for the first time for Wild ups On the New York Stock Exchange on Thursday, it contributed more than three times the public subscription price of $ 31. This event was the culmination of a long journey to the USDC Stablecoin source, who was following the public subscription for several years.

As for the encryption industry, it is definitely a victory – a sign of the strong traditional demand for investors and that under the Trump administration, the CRYPTO original companies already have a road for the public.

But the cryptocurrencies themselves were not excited. Bitcoin

More than 2 % slipped to 102,800 dollars, and its weakest level in about a month, while the Coindesk 20 index (an indicator of the best 20 encoded currencies decreased by market value except Stablecoins, Memecoins and Excination Coins) more than 3 %. The sale of the sale is the distinctive symbols like Sol, AVAX and AAVE, all of which are almost 6 % less.

It is too early to know whether the declining trend will continue in the short, medium or long-term term, but for the ancient warriors in the industry, it is difficult not to see the shades of another encoding subscription-the appearance of Coinbase (coin), which occurred on April 14, 2021 and was distinguished by the highest $ 65,000 for Bitcoin. Almost two months after the currency appeared, Bitcoin fell approximately 60 % to about 28,000 dollars.

The sharp autumn bounce in prices has increased by Bitcoin to the level of $ 65,000, but the sales process quickly seized again. This was followed by the brutal bear market until late 2021 and during 2022, with bitcoin eventually a decrease of about $ 15,000. Bitcoin will not return a new record until March 2024, or nearly three years of Coinbase.

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