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Bitcoin Price Surges on PayPal Crypto Rumor


Bitcoin Price Surges on PayPal Crypto Rumor

Bitcoin was already correcting after yesterday’s lows, but a recent rumor involving PayPal and crypto trading gave the markets a boost. Bitcoin went bullish a few hours ago, coming out of the horizontal channel that has kept it locked up for the last week. After having spent the last 10 days oscillating between $9,300 and $9600, the largest cryptocurrency by market capitalization managed to break a weekly resistance and reach levels not seen since a price dump two weeks ago. As is often the case in the crypto-verse, the rise may have been caused by a rumor: citing anonymous sources, Coindesk reported today that PayPal appears to be working on enabling a service to let users buy and sell crypto. Read More...