The Bitcoin price jumped as much as 9% today (Tuesday) after PayPal announced partnerships with the three largest Bitcoin payment processors - BitPay, CoinBase, and GoCoin.
The news arrested a two-month slide in the Bitcoin price that had dropped the value of the digital currency from more than $600 to under $400. The CoinDesk Bitcoin Price Index was hovering around $434 in mid-afternoon trading after reaching a high of $443.38.
Here’s why the announcement moved Bitcoin prices so much higher…
The Bitcoin price jumped as much as 9% today (Tuesday) after PayPal announced partnerships with the three largest Bitcoin payment processors - BitPay, CoinBase, and GoCoin.
The news arrested a two-month slide in the Bitcoin price that had dropped the value of the digital currency from more than $600 to under $400. The CoinDesk Bitcoin Price Index was hovering around $434 in mid-afternoon trading after reaching a high of $443.38.
Here’s why the announcement moved Bitcoin prices so much higher…
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