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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.

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