Bitcoin soars to $12.9K as PayPal proves crypto is ready for everyone – BTC Ethereum Crypto Currency Blog

Further gains in Wednesday trading come as mixed reactions flow in over PayPal’s decision to support four cryptocurrencies in 2021.

Bitcoin (BTC) hit highs of $12,865 during trading on Oct. 21 as news that PayPal would support cryptocurrency continued to boost markets.

Cryptocurrency daily market overview. Source: Coin360

BTC price closes in on 2019 highs

Data from Cointelegraph Markets, Coin360 and TradingView confirmed Bitcoin’s best day in over a year as 24-hour gains topped 7%.

At press time, hours after rising to $12,400, BTC/USD crossed $12,500 to only see resistance at just below $13,000.

BTC/USD 1-hour price chart. Source: TradingView

As Cointelegraph reported, PayPal plans to support Bitcoin and three altcoins — Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) from next year.