Bitcoin Rallies Above $13K Less Than 24 Hours After Breaking 2020 Highs

Muyao Shen

Updated 21 October 2020 at 6:24 pm·1-min read

Bitcoin (BTC) has risen above $13,000 in less than 24 hours after breaking the $12,000 level on news PayPal will support cryptocurrencies on its platform.

Prices of BTC rose to $13,005.51 at 22:22 UTC (6:22 p.m. ET) by press time, representing a 8.7% gain in the past 24 hours, according to CoinDesk’s Bitcoin Price Index (BPI).
The 24-hour price range: $11,898.03 – $13,030.86.
The oldest cryptocurrency has continued its price rally after payment giant PayPal announced it will allow its users to buy, sell and hold cryptocurrencies.
The new service initially will support bitcoin, bitcoin cash (BCH), ether (ETH) and litecoin (LTC).
Prices for bitcoin cash, ether and litecoin also rallied on the news, up between 7% and 13%in the past 24 hours.

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