Bitcoin (BTC) gained nearly 5% on October 21.
Daily performance overview of the Coin360 Cryptocurrency Market
PayPal increases the price of BTC to $ 12,400
Data from Cointelegraph Markets and Coin360 showed a strong 24-hour time for the bulls on Wednesday. with the BTC / USD pair above $ 12,400.
At the time of publication The focus was $ 12,300, about an hour after Reuters reported it PayPal plans to support Bitcoin and other cryptocurrencies through its wallet and Venmo app from 2021
Daily price chart of the BTC / USD pair. Source: Coin360
The announcement contributed to an already optimistic BTC trading environment. with a resistance of $ 12,000 that evaporated overnight Tuesday.
Weekly earnings for Bitcoin are 8.5%increasingly away from other macro assets that performed mediocre over the same period.
Previously, Cointelegraph released a list of factors that an analyst believes will support Bitcoin’s future bullish argument.
PayPal should also support altcoins like Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Following the news, the ETH / USD pair rose a modest 2.2% to $ 378 while BCH / USD rose 4.5% to $ 456.