Rumors broke earlier this year that PayPal would be changing its tune on cryptocurrencies and would soon be supporting Bitcoin and other assets. Today, however, Reuters reports that PayPal revealed it would indeed be offering cryptocurrency payments across the 26 million merchants on its network starting in early 2021.
Bitcoin Price Tries Again For $12,400, Comes Up Slightly Short Of New Yearly High
Bitcoin has already been extremely bullish over the last several months, and with each passing week and day, is picking up in momentum.
A string of positive news starting with Square Inc, revealing its purchase of 4709 BTC, kicked the bull run into overdrive the last ten days or so.
Over the last 48 hours, Bitcoin has grown by nearly $1,000, with the latest $100 push taking place this morning following the reveal that PayPal would be supporting the cryptocurrency asset class with open arms.
Bitcoin fails to breach the current 2020 high... for now | Source: BTCUSD on TradingView.com
But Could The PayPal News Pump BTC Through Resistance?
The leading cryptocurrency by