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

October 21, 2020 by No Comments

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.