Bitcoin skyrocketed after PayPal launched crypto payments!

Bitcoin (BTC) approached $ 60,000 after PayPal confirmed on March 30 that it has officially launched cryptocurrency payments.

1-minute candlestick chart (Bitstamp) of the BTC / USD pair. Source: Tradingview

PayPal: “Crypto is a legitimate source of finance”

According to data from Cointelegraph Markets Pro and Tradingview, the BTC / USD pair reached its highest level in the last ten days on Tuesday.

According to Reuters’ special report, PayPal will announce that it is launching the long-awaited crypto payment feature for US customers later in the day.

When PayPal announced that it entered the crypto industry last year, it created a huge turmoil.

“You will be able to use cryptocurrencies without problems, just like a credit or debit card in your PayPal wallet,” PayPal President and CEO Dan Schulman told Reuters.

Responding positively to the news, BTC surpassed the February record level of $ 58,300, reaching as high as $ 59,200 by the time of translation broadcast.

Binance’s order book data shows that sellers are positioned between the current spot price and $ 61,700.

On the other hand, Schulman also said that cryptocurrencies are a legitimate source of finance.

“We think we are at the point where cryptocurrencies are transforming from assets that have been bought and saved into legitimate sources of funding used to pay millions of sellers in the real world.”

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