Bitcoin price continues to increase. Currently the price of the most popular cryptocurrency has finally passed the US$ 50,000 mark after previously continuing to decline over the past few months.
Quoting from CNN, Monday (24/8/2021), this is the first time for Bitcoin to reach that number since May 15. In addition, not only Bitcoin, but a number of other cryptocurrencies are also experiencing an increase.
It is known that the value of Ethereum managed to rise by more than 3%, while the value of Dogecoin rose by almost 2%.
This positive trend followed the announcement of PayPal (PYPL) stating that their platform will start trading cryptocurrency in the UK. In the UK, PayPal allows people to buy, hold and sell four types of cryptocurrencies: bitcoin, ethereum, litecoin and bitcoin cash.
“With this move, cryptocurrency access, knowledge and exploration has the potential to become mainstream in the UK,” the company said in a statement.
This announcement has been the first international expansion of its cryptocurrency offering, outside of the US-based company.
Additionally Bitcoin and its ilk have also been getting a boost since last month from ‘bullish’ comments by Tesla (TSLA) and Twitter (TWTR) chief executives Elon Musk and Jack Dorsey, who have each shared how they have entered or plan to include the currency. digital in their business.
Read now: PayPal to Allow Crypto Transaction In the U.K.