Meeting the expectations of the community, Bitcoin has finally touched the $19,000 level. This happened after BTC has been trading inside the range of $18,700, since Nov. 21, sometimes dropping below $18,000 and then resuming its ascent.
At the moment, Bitcoin is trading at $19,000 on the Bitstamp exchange, having slightly touched that level a few minutes ago.
Bitcoin has been putting up a new rally since Oct. 24, when it exceeded the $12,930 level; it has not been below it since.
The new spike of Bitcoin is likely to driven by PayPal CEO Dan Schulman, who yesterday told CNBC that he believes Bitcoin to be not only an asset class, but also a means of payment for e-commerce.
Alex DovbnyaRecently, Bitcoin pushed higher due to PayPal enabling its customers to acquire Bitcoin, along with other top cryptocurrencies.
In 2021, they will be allowed to purchase goods and services from over 26 million merchants via PayPal and pay with Bitcoin, ETH, BCH, etc.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
Vladislav Sopov