Bitcoin at last check was up 1.1% at $60,489. Bitcoin reached a record $61,742 on March 13.
Other cryptocurrencies were also climbing Monday. Marathon Digital (MARA) - Get Marathon Digital Holdings Inc. Report was up 6.4%, Bit Digital (BTBT) - Get Bit Digital Inc. Report was up 4.4%, Riot Blockchain (RIOT) - Get Riot Blockchain Inc Report +6.1%, Ebang (EBON) - Get Ebang International Holdings Inc. Report was up 2.1%, and Ault Global (DPW) - Get Ault Global Holdings, Inc. Report was up 1.9%
Coinbase Global, the largest U.S. cryptocurrency exchange, will make its trading debut Wednesday through a direct listing on the Nasdaq.
The IPO values the company at about $100 billion, more than the New York Stock Exchange and Nasdaq Stock Market combined, according to Bloomberg.
The company's founders, Brian Armstrong and Fred Ehrsam, own stakes worth $15 billion and $2 billion, respectively, according to Bloomberg estimates.
Coinbase has 56 million verified users and adds about 13,000 new retail customers a day, according to cryptocurrency analytics firm Messari.
In filings for the share sale Coinbase disclosed that it had received a subpoena from the Securities and Exchange Commission.
The inquiry was related to XRP, the Ripple-created digital token that is the subject of an SEC lawsuit, Bloomberg reported, citing a person familiar with the matter. The agency alleges that it was sold as an unregistered security,
Last month, Tesla (TSLA) - Get Tesla Inc. Report Chief Executive Elon Musk said the company would accept bitcoin as payment for its electric vehicles. The company in February disclosed a $1.5 billion investment in bitcoin.
Musk also said that paying by Bitcoin would be available to customers outside the U.S. later this year.