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August 23, 2021 Bitcoin rises and returns above 50 thousand dollars for the first time in three months. The cryptocurrency recorded a 3.47% rise in Asian markets, to $ 50,316.87, its highest level since mid-May. Bitcoin has since started a downward trend for a variety of reasons including China's squeeze against virtual "mines" for production that added to Elon Musk's decision to stop accepting it for the purchase of his cars. Tesla's patron later corrected the shot by showing an opening in case the production is greener. Support has also come from other high-profile investors, including Twitter founder Jack Dorsey, thus pushing quotes again. While Amazon has denied its use in payments by the end of the year.In June, Bitcoin had dropped below 29 thousand dollars and in this month it has regained 70% of its value.
While the projections according to which Bitcoin could push towards $ 100,000 per state still remain valid for some analysts, however, they are still very far from the historical record of April, when it stood close to $ 65,000.
Meanwhile, PayPal extends its cryptocurrency service beyond the United States. The digital payments platform launches a new service this week that allows its customers in the UK to buy, hold and sell cryptocurrency. There are four types to choose from: Bitcoin, Ethereum, Litecoin and Bitcoin Cash. By logging into your PayPal account via the website or mobile app, you can view prices in real time, access educational content to answer frequently asked questions, and learn more about cryptocurrencies, including opportunities and risks. PayPal has enabled its cryptocurrency offering through a partnership with Paxos Trust Company. The company has also made investments in start-ups related to blockchain and cryptocurrencies,including TRM Labs (active in cryptocurrency risk management software), TaxBit (a software provider for cryptocurrency exchanges) and Talos (institutional-grade infrastructure technology for digital asset trading). In March, the platform announced 'Checkout with Crypto', allowing customers in the United States to use their cryptocurrency alongside other payment methods in their PayPal wallet to make purchases from businesses around the world. In April, also in the US, it introduced cryptographic services on its Venmo mobile payment service.the platform announced 'Checkout with Crypto', allowing customers in the United States to use their cryptocurrency alongside other payment methods in their PayPal wallet to make purchases from businesses around the world. In April, also in the US, it introduced cryptographic services on its Venmo mobile payment service.the platform announced 'Checkout with Crypto', allowing customers in the United States to use their cryptocurrency alongside other payment methods in their PayPal wallet to make purchases from businesses around the world. In April, also in the US, it introduced cryptographic services on its Venmo mobile payment service.