Cryptocurrency market daily performance overview from Coin360
PayPal takes BTC price to $12,400
At press time, $12,300 formed the focal point, around an hour after Reuters reportedthat payment giant PayPal plans to support Bitcoin and other cryptocurrencies via its wallet and Venmo app from 2021.
BTC/USD daily price chart. Source: Tradingview
The announcement added to an already buoyant BTC trading environment, with $12,000 resistance evaporating overnight on Tuesday.DELIVERED EVERY MONDAYSubscribe to
Weekly gains stand at 8.5% for Bitcoin, which is increasingly diverging from other macro assets, which put in lackluster performance over the same period.
Earlier, published a list of factors which one analyst believes all support the bull case for Bitcoin going forward.