Cryptocurrencies
Bitcoin Surges to Highest Since July 2019 After PayPal Embrace
- PayPal says it will allow customers to buy, sell, hold cryptos
- Crypto investor Novogratz says ‘we have crossed the Rubicon’
PayPal customers can use select cryptocurrencies including Bitcoin, Ether, Bitcoin Cash and Litecoin on the platform.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Bitcoin surged past $13,000 for the first time since July 2019 after PayPal Holdings Inc. announced it will allow customers to use cryptocurrencies.
The largest digital coin increased $950, or 8% during tradition trading hours in New York. It climbed another 2% to $13,119 in early Asian trading. Gains among so-called alt coins were even bigger on Wednesday, with Litecoin jumping more than 13% and Bitcoin Cash surging more than 9%.