News of PayPal adding Crypto sends BTC over $13,000
We know that Cryptocurrency prices are influenced by buy and sell orders but it’s the traders themselves who make the trend by increasing or decreasing the price. Every Crypto Trader knows of the potential that Bitcoin and many Altcoins have and that is how these Crypto’s have gone into massive gains since their foundation. The first Cryptocurrency to ever be formed A.K.A Bitcoin (BTC) made headlines today when its broke its yearly high by going above $13,000 but the real events started a few days back when it began to move its way above its long standing range in the $11,000s. Currently trading in the $12,850’s, there might be chance for $BTC to go even higher if this trend continues. We have seen a daily increase of almost 5% today in the Crypto and experts are saying that it has everything to do with the news that PayPal which is a global payments company is now adding Cryptocurrency buying & selling. This is a clear sign that one of the global leaders in payment methods have full faith in the future of Bitcoin and the Crypto industry.
Analysts have already given their say on the matter by stating that Bitcoin needs to close the weekly candle above $12000 to form a Bullish trend. This might become reality as $12k previously was a psychological resistance for the Crypto. Now that it has been overcome, this could signal the start of a rise up towards $13,000 or even higher. The PayPal news came at the right time for Bitcoin as it was already performing quite well in the market. With ETH 2.0 raising the need to invest in Ethereum going on side by side. It really will be a close call on who the biggest returns fall to. Whereas there is still some time before the ETH 2.0 launch. The PayPal news is still fresh and can spark a high uptrend. With the community hoping that the news takes $BTC all the way towards $15000, maybe we will finally see Bitcoin move one step closer towards reclaiming its 2017 highs.
There is no doubt that other Cryptos are going up as well due to the PayPal news. All the graphs are showing green right now which might be a signal for people to start investing. Interested in cashing in with the uptrend? Why not check out Tyslin’s native Cryptocurrency $TYS which has shown signs of massive growth after listing within a single month. To get it for yourself, sign up by clicking this link. And do keep up to date with all the latest prices and trends on Tyslin Exchange. What is your opinion on this topic? Is the PayPal news really what caused this rise? Will it be a sign for more things to come? Will Bitcoin go above $13,000 again? As always, be sure to share your thoughts with us to get featured on our platforms. Stay safe and happy trading!