“Bitcoin prices surge to highest since 2018 — here’s why”
January 1, 2021
“PayPal said that users on its platform will be able to purchase bitcoin BTCUSD, 0.73%, as well as other sister cryptos like ethereum ETHUSD, 4.79%, bitcoin Cash BCHUSD, 5.59% and Litecoin LTCUSD, 4.24%.
That news has helped to drive the value of bitcoin to just under $13,000, marking its highest level since around January of 2018, when the appetite for blockchain-backed currencies was just off its apex…
Earlier in the week, Federal Reserve Chairman Jerome Powell endorsed digital currency, saying that there might be benefits to a digital version of the U.S. dollar, speaking at a virtual event hosted by the International Monetary Fund. The Fed was among a number of banks that jointly released a blueprint for the future of digital currencies just weeks ago…”