Correction: This article has been updated to show that Bitcoin's price has hit $13,00 for the first time since 2019, not 2018. (2020 only seems as if it's been extra long.)

A day after breaking the $12,000 barrier, Bitcoin was briefly valued today above $13,000, according to data from CoinMarketCap, before dropping back below the mark.

It’s the first time Bitcoin has reached the $13,000 threshold since 2019. The price is now up over 7% in the last 24 hours and over 12% across the last seven days.

Bitcoin
BTC
+15.49%$109,471.12
24H7D1M1YMAX
Created with Highcharts 10.3.3Apr 26Apr 28Apr 30May 2May 4May 6May 8May​10May​12May​14May​16May​18May​20May​22May​24May​26$90000$95000$100000$105000$110000$115000
Price data by
BTC price

If one had to identify a proximate cause for the price movement, they's surely point to the news that PayPal is ready to introduce Bitcoin buying options.

That makes sense, as the digital payments company will also allow users to purchase Ethereum, Litecoin, and Bitcoin Cash, all of which are up significantly today as well (even compared to other cryptocurrencies, which are generally in the green for the day).

PayPal is a popular worldwide online payments system. Image: Shutterstock

PayPal to Launch Crypto Buying and Selling Features

Digital payments behemoth PayPal will soon allow its customers to buy, hold and sell Bitcoin and several other cryptocurrencies directly via their accounts, the company announced today. At launch, PayPal will allow purchases of Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Although users will be able to pay with cryptocurrencies at around 26 million merchants in early 2021, the resellers will still receive the funds in the form of fiat currencies such as the US Dollar, the company noted. “The s...

NewsBusiness
3 min read
Liam Frost

The price of Ethereum and Bitcoin Cash have both risen by around 6% in the last 24 hours; Ether flirted with the $400 mark, while Bitcoin Cash rose above $260. Litecoin, meanwhile, has risen over 14% to above $5o. 

Litecoin
LTC
+10.52%$96.13
24H7D1M1YMAX
Created with Highcharts 10.3.3Apr 26Apr 28Apr 30May 2May 4May 6May 8May 10May 12May 14May 16May 18May 20May 22May 24May 26May…$80$85$90$95$100$105$110
Price data by
LTC price

All three were trending slightly down for the week, until springing up at the news today. Bitcoin, however, had been on a different trajectory throughout the week and month. It passed $11,000 October 9, then hit $12,000 yesterday. And then $13,000 today.

Its rise halted suddenly as it neared $13,200, correcting back to around $12,860. Ethereum, Bitcoin Cash, and Litecoin all saw sudden corrections as well.

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