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Bitcoin soars to $12.9K as PayPal proves crypto is prepared for everybody

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Bitcoin (BTC) hit highs of $12,865 all through shopping for and promoting on Oct. 21 as info that PayPal would help cryptocurrency continued to boost markets.

Cryptocurrency every day market overview. Provide: Coin360

BTC value closes in on 2019 highs

Data from Cointelegraph Markets, Coin360 and TradingView confirmed Bitcoin’s biggest day in over a 12 months as 24-hour constructive facets topped 7%.

At press time, hours after rising to $12,400, BTC/USD crossed $12,500 to solely see resistance at barely beneath $13,000.

BTC/USD 1-hour value chart. Provide: TradingView

As Cointelegraph reported, PayPal plans to help Bitcoin and three altcoins — Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) from subsequent 12 months.