Oct 21, 2020 at 14:03 UTCUpdated Oct 21, 2020 at 17:02 UTC.Bitcoin's price clocked fresh 2020 highs on Wednesday after online payments company PayPal announced support for cryptocurrencies.
The cryptocurrency was trading at $12,833, a gain of 7.3% in 24 hours, as of 17:00 UTC.Bitcoin jumped to $12,481 during earlier U.S. trading hours to reach the highest level since July 2019, surpassing the previous 2020 high of $12,476 reached on Aug. 18, according to CoinDesk's Bitcoin Price Index.
PayPal launched a new service enabling its customers to buy, hold, and sell bitcoin, ether, bitcoin cash and litecoin, directly within the PayPal digital wallet.
The move is expected to increase cryptocurrency's utility as a funding source for digital commerce at PayPal's 26 million merchants.
"This PayPal news is the biggest news of the year in crypto. All banks will now be on a race to service crypto. We have crossed the rubicon," large crypto investor Michael Novogratz tweeted.
Bitcoin Hits Fresh 2020 High, Approaches $13K
에 게시 됨 Oct 21, 2020
by Coindesk | 에 게시 됨 Coinage
Coinage
이 기사에서 언급
최근 뉴스
모두보기
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.