Is this the return of the cryptocurrency boom?📈
In recent days, we can observe clear increases in the cryptocurrency market. Bitcoin is trading around the psychological level of $ 13,000 during today's session. The latest upward move is driven by the news that PayPal will allow users to trade digital currencies. The most popular cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash and Litecoin, are to be available in the PayPal service.
Looking from the technical point of view, Bitcoin's price have been in an upward trend since the second half of March. Breaking above the recent highs at $ 12,420 opened the way towards last year's highs at $ 13,870.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
BITCOIN W1 interval. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
