Cryptocurrency Daily Market Overview. Source: Coin360
BTC price closed at 2019 high
Data from Cointelegraph Markets, Coin360 and TradingView confirmed the best day for bitcoin in a year, with a 24-hour gain reaching 7%.
At press time, after hours of a $ 12,400 increase, BTC / USD crossed $ 12,500, only to see resistance below $ 13,000.
BTC / USD 1-Hour Price Chart. Source: TradingView
As Cointegraph reported, PayPal plans to support Bitcoin and three UltraCaps – Ether (ETH), Litcoin (LTC) and Bitcoin Cash (BCH), starting next year.
Reactions continue to surface and are mixed in mood, with some analysts criticizing the company for not giving the freedom associated with standard cryptocurrency pockets to potential investors.
PayPal aims to provide de facto cryptocurrency detention services, but will impose restrictions on how funds can enter and leave their products.
“So, it’s all a big PayPal nothing burger, just entries in a central PayPal database, nothing to do with Bitcoin,” Quantity Analyzer Alternative plan Compete.
However, the impact on market sentiment was immediately apparent after Reuters broke the news, with Litcoin leading the altcoin gain with an 11.1% advance to $ 52.30.