Bitcoin Price Surged On PayPal Acceptance - Now Falling Again?
In a double-whammy of price-meets-trendline and a catalytic announcement of Paypal enabling Bitcoin payment, the Bitcoin price surged over $50 in a few hours during yesterday's US trading session. Steady Advance or Swift Correction? Bitstamp 4-Hour Chart. The chart shows yesterday's surge from $394 (at the orange trendline) to $452. The last price candle on the 4-hour charts across all exchanges shows a trading gap - clearly inaccurate - but a strange anomaly, nonetheless. The Fib extension tool has been adjusted to fit the resulting price action, as well as the presence of existing....
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Yesterday, finance giant PayPal announced partnerships with Coinbase, BitPay and GoCoin to dip their feet in the water with cryptocurrency. Bitcoin price surged upward upon hearing the news, going from being worth around $400 to being worth $450 in a matter of minutes. Now, the CEO of GoCoin confirmed that Bitcoin won't be the only cryptocurrency benefiting from the PayPal partnership. PayPal is supporting Dogecoin and Litecoin payments as well. In a tweet, CEO of GoCoin Steve Beauregard told followers that Bitcoin, Dogecoin and Litecoin would be available to PayPal merchants: Pleased to....
Toward the ending of 2020, financial experts predicted that the adoption of cryptocurrencies by the mainstream would evolve, evidenced by the surge in price and acceptance of Bitcoin as an inflation hedge. Since the start of the year, fintech companies such as PayPal, Square, Mastercard, Visa, and others have shown exposure to cryptocurrencies. The latest […]
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 […]
E-commerce giant Paypal’s stock price surged to a new all-time high of $223.16 on Monday, December 14. Since November 12, when the payments giant opened the way for its US customers to start trading cryptocurrency, the stock has soared 17%. Paypal’s Turnaround The stock’s record-breaking performance comes after Paypal recently reported a drop in its third-quarter earnings in October. While that performance subsequently forced Paypal not to provide preliminary guidance for 2021, there is, however, a belief that the cryptocurrency trade service will result in a turnaround....
If PayPal's video hinting at Bitcoin acceptance wasn't enough for the cryptocurrency community, it looks like Braintree will soon be rolling out Bitcoin integration into their One Touch iOS and Android application. The app allows payments to be made swiftly and easily with the user's cell phone, just the same as Bitcoin. For those who may not know, PayPal is the mother company of Braintree. What was once seen as a battle between Bitcoin and PayPal has now been cleared as a partnership, as PayPal is showing public support for the move. CCN. It was announced at TechCrunch Disrupt in San....