Bitcoin's price soared this Wednesday when a large and popular payment platform called Paypal decided to announce its support in digital currencies. Paypal will likely to support some popular cryptocurrencies like Ether, Litecoin, Bitcoin Cash, and especially, Bitcoin.
A great amount of deal has been made for the past 24 hours and the crypto market's capital is nearing a whooping $400 billion. It is all due to Paypal's announcement to support buying, selling, and holding cryptocurrency. According to Coindesk's BPI, BTC rose to #13,000. Even Ether, Litecoin, and Bitcoin Cash's prices have risen by about 7% to 13%.
The said features will be available soon in the next few weeks but it is already available for some users. Although the downside is that the crypto bought or in your account will only stay there are cannot be withdrawn, you can only hold it or sell it.
Market Update
BTC within last week gained almost 7.5% which made the price almost $13,000 per BTC and currently selling it for $12,894.50 per piece. Ethereum (ETH) gained 7% within the last week and currently selling $396.76 per piece. Ripple (XRP) gained almost 4.5% and its price at the time of writing is $0.2498, that's almost $0.25! Bitcoin Cash (BCH) gained around 7% during this week and currently selling a piece for $268.92.
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