Bitcoin up 5% as PayPal allows crypto buying

Wednesday, 21. October 2020 16:11

Bitcoin topped over $12,500 as PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to trade with cryptos using its online wallets.

Meanwhile, Treasury Secretary Steven Mnuchin hinted that there could be a new relief package. Mnuchin tried to solve differences in order to pass a bill in the Congress before the presidential elections.

"The good news is we’ve reached an agreement that if there is a deal, there are direct payments similar to last time that are in the package," Mnuchin told to Fox Business.

At 10:07 am ET Bitcoin was at $12,522 still growing by 4.96%.

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Breaking the News / TF