Further gains in Wednesday trading come as mixed reactions flow in over PayPal’s decision to support four cryptocurrencies in 2021.
Cryptocurrency daily market overview. Source: Coin360
BTC price closes in on 2019 highs
BTC/USD 1-hour price chart. Source: TradingView
Reactions continue to surface and are mixed in mood, with some analysts criticizing the company for not giving prospective investors the freedoms associated with standard cryptocurrency wallets.
PayPal aims to provide de facto cryptocurrency custody services, but will place restrictions on how funds can enter and leave its products.
Nonetheless, the impact on market sentiment was immediately apparent after Reuters broke the news, Litecoin leading the altcoin gains with an 11.1% advance to $52.30.
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