Bitcoin climbs above $ 50,000 after PayPal announcement
Bitcoin surpassed the $ 50,000 round mark on Monday following PayPal's decision to expand its cryptocurrency service outside the US
Aug 23, 2021
1 min read
Anna BakkerNews analyzer

International payment service PayPal has published the news that it is expanding its cryptocurrency service outside the US, starting in the UK.

Note that PayPal has been working with cryptocurrencies for about a year and already offers its US customers the opportunity to buy, sell and store major cryptocurrencies.

UK users will have access to the four major cryptocurrencies, trading through PayPal's website and mobile app.

It remains impossible to withdraw cryptocurrencies from PayPal to third-party wallets, but the company is working on this issue and plans to remove this restriction.

For clients from England, the minimum investment amount is from 1 pound or $ 1, to a maximum of 35 thousand per year.

PayPal's profit will be generated from commissions, so with an operation of more than $ 1,000, customers will have to pay 1.5%, purchases less than $ 25 are subject to a 50 cents fee.

forex expert advisors

Experts believe that a Bitcoin breakout above $ 50,000 will return the hype to the market, which will strengthen buying and allow a more aggressive rally to start.

Bitcoin at $ 88,888 is expected by the CEO of the Three Arrows Capital cryptocurrency fund Su Zhu, in his opinion, this goal will be achieved within the next two months.

The summer calm is coming to an end and we can expect a very hot market in autumn and winter. It's time to get ready for active trading, start by choosing a reliable broker.

Last article
Read other articles
Anna Bakker News analyzer
US Securities and Exchange Commission (SEC) threatens US largest crypto exchange Coinbase with legal action
Sep 9, 2021
1 min read
Anna Bakker News analyzer
Bitcoin is plummeting, breaking through the round mark of $40,000 at the beginning of Friday
Jan 21, 2022
1 min read
Anna Bakker News analyzer
Bitcoin is up 3.6% on Thursday, topping $ 51,000 by the end of the day
Dec 24, 2021
1 min read
Forex Expert Advisors for your Profits
Forex trading robots based on AI. Innovative trading technologies for a stable growth of your profits