10/27/2020, 1:56 PM (Source: TeleTrader)
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Bitcoin leaps to 16-month high above $13,400

Popular cryptocurrency Bitcoin continued its PayPal rally on Tuesday to hit a 16-month high.

Earlier this month, PayPal was granted a license that enables its customers to buy, hold, and sell cryptocurrencies like Bitcoin directly using their digital wallets.

Bitcoin was up 2.67% to $13,409 at 8:43 am ET, its highest level since June 24 of 2019. The world's most famous digital currency is now up 24% for the month and 86% since the beginning of the year. Meanwhile, Bitcoin's market cap surpassed 248 billion.

Breaking the News / JC