PayPal has announced a significant update for its business account holders in the U.S., enabling them to buy, hold, and sell cryptocurrencies directly from their PayPal business accounts. This expansion aims to provide businesses with the same cryptocurrency capabilities that have been available to individual consumers since 2020. Business owners can now engage with digital currencies, enhancing their payment flexibility.
Additionally, PayPal business accounts can transfer supported cryptocurrencies to external blockchain addresses. However, this feature is currently not available in New York State.
This move is part of PayPal’s broader strategy to increase the utility of cryptocurrencies for its users. In previous years, PayPal introduced features such as the ability to buy, hold, and sell digital currencies for personal accounts, and even launched a U.S. dollar-backed stablecoin called PayPal USD (PYUSD). The company has been steadily expanding its crypto services, aiming to integrate digital assets into mainstream business operations and offer a wider array of financial tools to its users.
With this update, PayPal aims to meet the growing demand from business owners to incorporate cryptocurrency into their financial strategies, providing them with a seamless way to transact and manage digital assets.
This development marks a pivotal moment for PayPal’s role in the adoption of cryptocurrencies in everyday business activities, potentially paving the way for broader acceptance of digital currencies in commercial transactions.
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TEEKA TIWARI: The Final 5 Coins to Million | Bitcoin (BTC) Price Gearing Up for Major Move
➡️ 5 *MORE* COINS TO $5 MILLION: http://opm.cryptonewsalerts.net
Teeka Tiwari reveals his ‘Final 5’ crypto picks of 2020 in the most anticipated live cryptocurrency event of the year.
With the Bitcoin price currently dropping and with the market looking short term bearish, will the BTC halving which is now only 63 days away spark the next parabolic bull rally?
For the past six months, Teeka Tiwari – the independently ranked #1 most trusted person in crypto – has been on a world tour, investigating a rare crypto market phenomenon…
100% guaranteed to happen only once every four years. (It’s not the halving. The answer may surprise you.)
Over 100 billionaires and wealthy investors are in a buying frenzy right now, preparing for this phenomenon.
The last time it occurred in 2016 (we won’t see it again until 2024), you could’ve turned $500 into as much as $5 million – in 10 months.
During this landmark online training event, Teeka will fly you to the hidden-in-plain-sight epicenter of this phenomenon… so you can see with your own eyes: It’s real.
It’s 100% guaranteed to hit in roughly 50 days. And it could be bigger than any other phenomenon before.
Analyst Who Predicted Bitcoin Crash to $6,500 Says BTC Gearing Up for Major Move
One of the few analysts to predict the start of Bitcoin’s 2019 retreat says BTC may be due for another correction.
The pseudonymous analyst Dave the Wave tells his 25,000 followers on Twitter that he believes the leading cryptocurrency remains in a descending triangle that dates back to late 2018.
Following this script, he expects a short-term bounce before another sell-off that could bring BTC to $8,300 sometime between March and May.
Based on the analyst’s chart, that short-term bounce could send Bitcoin close to $9,500 this month before the correction begins.
Dave makes this prediction based on a reversing logarithmic moving average convergence and divergence (LMACD).
This indicator is designed to reveal changes in an asset’s trend, strength and momentum.
Last June, Dave correctly called the start of Bitcoin’s 2019 retracement.
He expected Bitcoin to drop to just above $6,000 before the end of 2019. His prediction turned out to be remarkably accurate, as BTC hit a yearly low of $6,425 in December.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
#btc #Bitcoin #eth #ethereum23 DAYS TILL THE BITCOIN BULL RUN STARTS!Shortterm resistance is now confirmed. This is a big deal as it confirms my suspicions of a dead cat bounce in play 🙀
Expecting to see heavy falling and $btc to be under $8000 this week.
💪🏼🤓👇🏼 pic.twitter.com/utM4qwZgZd— 𝗕𝗜𝗧𝗖𝗢𝗜𝗡 𝗕𝗨𝗟𝗟 𝗥𝗨𝗡 𝗔𝗣𝗥𝗜𝗟 𝟮𝟬𝟮𝟬 (@BITCOIN_BULLRUN) March 8, 2020
This Eerie Fractal Shows the Bitcoin Price Has Further To Fall From $9,000
Post Views: 456 -
STOCK-TO-FLOW CREATOR HAS ‘NO DOUBT’ BITCOIN WILL HIT 0K-8K ‘BEFORE’ DECEMBER 2021!!
➡️ “The Crypto Catch-Up” – Teeka Tiwari Live Event: Register here: http://teeka.cryptonewsalerts.net
PlanB, the creator of the stock-to-flow (S2F) model, reiterated on Nov. 8 that the Bitcoin price is well on its way to hit $100,000.
The pseudonymous analyst expects the dominant cryptocurrency to achieve the $100,000 to $288,000 range by December 2021.
Bitcoin would have to increase by around 545% from the current price to surpass $100,000.
At that price point, the market capitalization of BTC would near $2 trillion, or roughly the same as Apple, the world’s most valuable company.
The S2F model attempts to predict the long-term price trend of Bitcoin by evaluating its supply.
Namely, it takes into consideration its fixed supply and the block reward halving, which reduces the rate at which new BTC is produced or “mined.”
The theory behind S2F is that as the supply of Bitcoin decreases over time and inflation would continuously rise.
These two factors could theoretically amplify the uptrend of the top cryptocurrency.
Based on Bitcoin’s supply curve and the halving cycles, S2F puts the expected valuation of BTC at $5.5 trillion.
The model predicts Bitcoin to reach a multi-trillion-dollar valuation before 2024.
The model reads:
“S2FX model estimates a market value of the next BTC phase/cluster (BTC S2F will be 56 in 2020–2024) of $5.5T. This translates into a BTC price (given 19M BTC in 2020–2024) of $288K.”
In a tweet, PlanB said he remains confident the S2F model’s $100,000 price projection for Bitcoin would materialize.
2021 is particularly important for Bitcoin because it follows a highly anticipated block reward halving in May 2020.
Six months ago, Bitcoin experienced its third halving in history.
This decreased the number of BTC mined each day by half, which would cause the circulating supply to drop over time.
The analyst wrote:
“People ask if I still believe in my model. To be clear: I have no doubt whatsoever that bitcoin S2FX is correct and bitcoin will tap $100K-288K before Dec2021. In fact I have new data that confirms the supply shortage is real. IMO 2021 will be spectacular. Not financial advice!”
So far, following the halving, Bitcoin has increased from $8,700 to $15,500, recording a 78.1% rally in six months.
On-chain analysts like Woobull.com creator Willy Woo say that the total supply of Bitcoin is lower than often thought.
While the total supply of Bitcoin is 21 million, there is a high number of BTC that is lost or dormant that can no longer be accessed.
Woo said:
“Total supply of Bitcoin will not be 21m, it’ll be around 17m as many coins died in the fight for being acknowledged as something valuable in the early days. This means 0.002 BTC per person on the planet.”
As such, PlanB expects Bitcoin to follow the S2F model as the available supply and the amount of new Bitcoin mined decreases over time.
In other trending Bitcoin News today:
“WHY THIS ANALYST THINKS BITCOIN HITS $17,000 IN THE NEXT WEEK”
Analysts are optimistic that Bitcoin could resume its ascent, potentially towards $17,000 or even $18,000 as the trends of this market remain positive:
“I think there’s a decent chance bitcoin breaches $17k and even into $18k in the next 10 days (next weekly candle). We are due for a decent mid timeframe blowoff and chill for a bit and wicking into the ATH cluster just feels so right…
The path to $18k or ATH wick seems the path of least resistance. Nobody wants to sell until then and everybody is buying dips. Easiest way to create market balance is to do it quickly then let the market chop around a bit.”
The aforementioned trader isn’t the only one calling for Bitcoin to hit $17,000 in the near future.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
People ask if I still believe in my model. To be clear: I have no doubt whatsoever that #bitcoin S2FX is correct and #bitcoin will tap $100K-288K before Dec2021. In fact I have new data that confirms the supply shortage is real. IMO 2021 will be spectacular. Not financial advice! pic.twitter.com/GNSxLIt7NG
— PlanB (@100trillionUSD) November 8, 2020
Why This Analyst Thinks Bitcoin Hits $17,000 in the Next Week
https://cointelegraph.com/news/s2f-creator-has-no-doubt-bitcoin-will-hit-100k-by-december-2021
Post Views: 375 -
Tone Vays Says 0,000 Bitcoin Predictions in Play If BTC Breaks These Pivotal Lines of Resistance
➡️ TEEKA TIWARI – The Investment of the Decade: http://2020.cryptonewsalerts.net
Veteran analyst Tone Vays says an epic Bitcoin (BTC) rally is in store if the king of crypto can overcome key areas of resistance.
In a new episode of Trading Bitcoin, Vays says the TD Sequential indicator, which traces a series of price points to identify potential breakouts, suggests the Bitcoin price may break out to $9,000 in the short term.
But despite the bullish indicator, Vays says he’s not betting on this coming to fruition due to a strong line of resistance at $8,000. (Which FYI we just hulk smashed this morning)
“Can we make it to [$9,000]? Anything is possible… The biggest reason why that’s a little too optimistic is this behemoth of triple resistance of the 128-day moving average, the 200-day moving average and a fibonacci 62% line [at $8,000]. That is a monster.”
If Bitcoin can make it to $9,000, Vays says the last line of resistance is a descending triangle that currently stands at $9,500. If that happens,
Vays says the highly discussed stock-to-flow model from the anonymous analyst PlanB – which forecasts that BTC will hit anywhere from $100,000 to $288,000 by 2024 – will suddenly be on the table.
Vays also points to John McAfee’s infamous bet that BTC will hit $500,000 this year.
“The moment we break above this red line [at $9,000] PlanB is going to be right. And PlanB has some very optimistic targets.
In other trending Bitcoin News today:
Crypto Strategist Nicholas Merten Says Bitcoin (BTC) Ready to Pop As Halving Approaches
Merten expects Bitcoin to maintain its bullish momentum and trend toward $9,000, as BTC continues to form a giant wedge that dates back to the second half of 2017.
But the strategist points out that Bitcoin’s signature volatility is going nowhere.
“It’s likely that as we go into the halving event, sure we are going to see an increase in volatility. It’s an important point to keep in mind. We are going to definitely see a lot of jitter, but I think we’re going to continue this trend up here, and it’s going to pick up momentum as we go into the halving event to where we’re going to probably be up into around the $9,000 range, if not the upper $8,000 range.”
After the halving, Merten believes Bitcoin will give up some of its gains in the short term, but continue to maintain its bullish steam in the bigger picture.
Although he’s careful to point out that anything can happen in the current global economic climate and that BTC has proved many traders wrong in the past, Merten says Bitcoin’s historical logarithmic growth curves, significant lows and significant resistance suggest BTC is gearing up for a new cycle to around $100,000.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
https://cointelegraph.com/news/bitcoin-hits-8k-erasing-coronavirus-crash-13-days-till-halving
Post Views: 481