Yesterday, the bitcoin rate set a new annual maximum of $ 13.2 thousand, having risen by more than $ 1000 per day.
According to analysts, the incentive for such a fastgrowth was driven by the announcement of the largest electronic payment system PayPal about the beginning of support for cryptocurrencies on its platform. The company will allow customers to buy, sell and store bitcoin (BTC), ether (ETH), litecoin (LTC) and bitcoin cash (BCH). However, users will not be able to withdraw or deposit them, nor can they manage the private keys of the wallets.
In spite of the serious limitations of themanagement capabilities, the market was optimistic about the news, which further strengthened the existing uptrend.As a result, bitcoin briefly rose above $13,000 overnight, but the subsequent correction pulled the rate back to the $12,800 level, which it continues to doAt the time of publication, BTC is trading at $12775 with a daily gain of 5.23%.
The market's growth is also supported by increased interest from institutional investors, as evidenced by a six-fold increase in transaction values over the past three months.
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