Bitcoin Sets New Yearly High After PayPal Adds Crypto: What’s Next?


Bitcoin has surged over the past few days amid strong fundamental events. The cryptocurrency currently trades for $12,800, just shy of a new year-to-date high. The coin is up over 8% in the past 24 hours alone, outperforming most altcoins and digital assets. The latest leg higher in the price of Bitcoin seems to be related to news that PayPal is embracing crypto. PayPal, a global payments company, just revealed it is adding cryptocurrency buying and selling support. This is seen as a validation of Bitcoin by one of the world’s most important companies in payments. Bitcoin is expected to move higher after this news as the technical case remains positive. Bitcoin Sets New Yearly High Bitcoin just set a new year-to-date high as it pushed above $12,800 just hours ago on the news of PayPal entering the crypto market. The leading cryptocurrency is expected to see an influx of…

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