Rally on the rise of Bitcoin prices still continues. Even on today’s trade (28/10/2020) Bitcoin price is already trading in the range of $ 13,857.63 per coin per coin.
According to Coindesk, today Bitcoin is selling for $ 13,672.89 per coin. The highest price of Bitcoin today hit $ 13,857.63 per coin.
Overnight Bitcoin has gained 4.18% or the equivalent of $ 548.5 per coin. If calculated since the beginning of 2020, Bitcoin has provided a return of 91.75%.
PayPal boosts bitcoin price
Positive sentiment of PayPal’s decision boosts up Bitcoin price rally. PayPal allow the sale and purchase of cryptocurrency or digital currency using its apps. People may use Cryptocurrency as a means of payment at 26 million merchant partners with Paypal.
This service will be available starting next year for US PayPal users and will be expanded to peer-to-peer payment applications Venmo and also other countries in the first half of 2021.
“We are working with the central bank and thinking about all forms of digital currency and how PayPal can play a role,” said PayPal President and Chief Executive Dan Schulman, reported Reuters, Thursday (22/10/2020).
This decision has boosted investor confidence in cryptocurrencies. Because it considers that people will accept cryptocurrency in the future and used it as a place for investment and a means of payment.
Besides, apart from PayPal, the company owned by billionaire Jack Dorsey Square has announced that it is investing in Bitcoin holding US $ 50 million this October.
Read now: Thanks PayPal! Bitcoin Investors Got Richer Last night
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