Crypto PayPal News Sends Asset To New All-Time High, But It’s Not Bitcoin

Mainstream investors apparently liked the company's turn towards crypto. PayPal (PYPL) reached $215.87 on Oct. 21, a few dollars past its previous all-time high of $212.38, set on Sept. 2, 2020, according to data from TradingView.This price action came shortly after the payments company announced that it would soon be including crypto assets on its platform. PayPal plans to integrate Bitcoin (BTC), Etheruem (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) offerings into their network in 2021.Opening the trading day at $206.20, PayPal quickly rose past its all-time high, but just barely —....

The asset has overtaken the network’s market cap following an announcement that PayPal intends to integrate crypto. Since PayPal announced adding Bitcoin (BTC) to its platform, the asset's market cap has exceeded that of PayPal itself. Ironic?At press time, Bitcoin holds a market cap of $239,877,416,968, just recently surpassing PayPal on AssetDash's list of the largest stocks, ETFs, and crypto assets. Bitcoin now holds the 21st spot on the list, with PayPal right below at $238,578,822,000.Whenever a company, asset, or otherwise overtakes a rival in valuation, the crypto space loosely....

In January, a transaction sent by the Reminder to News Media Canada was blocked by PayPal for being noncompliant with PayPal’s “acceptable use policy.” Reminder, formerly known as the Flin Flon Daily Reminder, is a newspaper published three times a week in Canada. Reminder publisher Valerie Durnin sent a payment worth $242.95 to the News Media Canada team to enter an article entitled "Syrian family adapts to new life” to the annual Canadian Community Newspaper Awards. Prohibited news. Later, it was discovered that PayPal locked the account of News Media Canada because the transaction....

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....

Bigger than Disney. Bigger than Netflix. And soon, Bitcoin could be bigger than the company that's driving its bullish momentum. Bitcoin (BTC) has risen dramatically in market cap over the years, recently taking its place among the top 25 largest companies and assets by market cap. At press time, Bitcoin holds a market value near $240 billion. The coin is 22nd on a list of the top 100 stocks, ETFs, and cryptocurrencies by market capitalization, according to AssetDash. Apple holds the number one spot, standing at a $2 trillion evaluation, followed by Microsoft and Amazon respectively.....