Bitcoin
$64,132.21+3.35%
Ethereum
$3,062.83+2.22%
Binance Coin
$561.57+3.51%
Solana
$144.01+4.37%
XRP
$0.51231916+5.30%
Dogecoin
$0.15650801+6.40%
Toncoin
$6.10-9.59%
Cardano
$0.48685224+9.91%
Shiba Inu
$0.00002320+6.00%
Avalanche
$35.61+5.39%
Wrapped Bitcoin
$64,371.19+5.24%
Tron
$0.10992498+2.51%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
00
DAYS
14
HR
22
MIN
58
SEC
Markets

Bitcoin Hits Fresh 2020 High, Approaches $13K

Bitcoin's price clocked fresh 2020 highs on Wednesday after online payments company Paypal announced support for cryptocurrencies.

By Omkar Godbole
AccessTimeIconOct 21, 2020 at 2:03 p.m. UTC
Updated Sep 14, 2021 at 10:21 a.m. UTC
Bitcoin prices, Sep. 21 to Oct 21, 2020.
Bitcoin prices, Sep. 21 to Oct 21, 2020.
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Bitcoin's price clocked fresh 2020 highs on Wednesday after online payments company PayPal announced support for cryptocurrencies.

  • The cryptocurrency was trading at $12,833, a gain of 7.3% in 24 hours, as of 17:00 UTC (1:00 p.m. ET).
  • Bitcoin jumped to $12,481 during earlier U.S. trading hours to reach the highest level since July 2019, surpassing the previous 2020 high of $12,476 reached on Aug. 18, according to CoinDesk's Bitcoin Price Index.
  • PayPal launched a new service enabling its customers to buy, hold, and sell bitcoin, ether, bitcoin cash and litecoin, directly within the PayPal digital wallet.
  • The move is expected to increase cryptocurrency's utility as a funding source for digital commerce at PayPal's 26 million merchants.
  • "This PayPal news is the biggest news of the year in crypto. All banks will now be on a race to service crypto. We have crossed the rubicon," large crypto investor Michael Novogratz tweeted.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.