PayPal Didn’t Shoot Bitcoin Above $13,000, Analyst Explains Why
On Wednesday, Bitcoin logged a supersonic bull run, hitting $13,000 for the first time in 15 months. The rally started after PayPal announced its foray into the cryptocurrency sector, leading analysts to believe that the $138 billion global payments firm drove the latest Bitcoin adoption. But at least one of them disagreed. In a tweet published earlier Thursday, the pseudonymous analyst claimed that Bitcoin went upwards because of an abundant supply of Tether’s stablecoin, USDT. […]
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