Bitcoin Surges to Highest Since July 2019 After PayPal Embrace

Bloomberg
Bloomberg
Oct 21 · 2 min read
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Photo: David Paul Morris/Bloomberg

By Vildana Hajric

Bitcoin surged to the highest level since July 2019 after PayPal Holdings Inc. announced it will allow customers to use cryptocurrencies.

The largest digital coin increased as much as 4.9% to $12,488 Wednesday, surpassing the previous high for the year of $12,473 set in August. Gains among so-called alt coins were…

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