Coinbase listing on Nasdaq

Earlier in the week, the bitcoin price surged to fresh all-time highs around $64,875 in anticipation of Coinbase listing on Nasdaq. Other cryptocurrencies also surged, as the Coinbase debut was driving interest in the entire crypto universe. Since then, the BTCUSD pair has retreated from fresh tops, however, as some market players opted to take profit at attractive levels. The oldest cryptocurrency and the largest by market value managed to finish in positive territory on Thursday. On Friday, the selling pressure has intensified substantially, sending the coin to the $60,000 figure that represents the immediate support. Bitcoin has dropped by more than 6% from record highs already and could extend the pullback amid profit-taking.