Possibly sparked by the rumor that the online money transfer company PayPal might get involved with cryptocurrencies, the bitcoin (BTC) price jumped more than 4% yesterday, before falling back slightly Tuesday morning.
The unconfirmed news that PayPal might enable direct buying and selling of crypto might have been the main driver for yesterday’s market rally, leading to green numbers across the board in both bitcoin and most altcoins.
The move in price was also noticed by the blockchain analytics firm Glassnode, which shared an alert today saying transaction volume on the bitcoin network has “increased significantly” over the past 24 hours.
bestadmin
