Bitcoin Reverses to Break Above $13,000 Level

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Thu, 10/22/2020 - 11:27

Yuri Molchan

Having surpassed the $13,000 resistance on Wednesday, the flagship cryptocurrency has now taken this level again

Bitcoin Reverses to Break Above $13,000 Level

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The king crypto Bitcoin has just broken above the $13,000 level again after doing it briefly on Wednesday, Oct. 21.

TradingView chart on Binance shows that, at press time, Bitcoin is trading against USD at $13,008. The flagship crypto keeps rising at the moment.

The rich news background has become the catalyst as the PayPal giant announced that it is going to enable millions of its customers to trade and hold Bitcoin and a few top altcoins in their digital wallets.

PayPal Might Launch Its Own Crypto In Next 6 to 12 Months: CoinShares CSO

In 2021, PayPal will also enable clients to purchase goods with crypto from 26 mln merchants online. Some experts believe that, within a year, PayPal may even launch its own cryptocurrency, similar to the digital USD.

#Bitcoin News

About the author

Yuri Molchan

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.