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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.

PayPal customers can use select cryptocurrencies including Bitcoin, Ether, Bitcoin Cash and Litecoin on the platform.

Photographer: David Paul Morris/Bloomberg
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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%.