Bitcoin has recaptured $50,000; a big psychological victory for the crytocurrency that will no doubt get people talking about how long it will be until we’re back in record territory.
In fact, there’s already murmurings of $100,000 but let’s face it, that’s been the case ever since it almost hit $20,000 years back.
“Bullish momentum has been building for weeks now so it’s no surprise to see it break $50,000. It may still see some resistance around $51,000 but even that may prove temporary,” said Craig Erlam, Senior Market Analyst, OANDA Europe.
Paypal is continuing to throw its weight behind cryptos, introducing its offering to UK clients after successfully launching in the US. It’s just another step towards cryptos becoming more accessible and accepted and the news comes at just the right time.