crypto
PayPal (PYPL) Enables U.S. Business Accounts to Buy, Hold and Sell Crypto
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1 day agoon
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Bitcoin
PayPal Enables Business Accounts to Buy, Hold, and Sell Bitcoin And Crypto
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1 day agoon
September 25, 2024By
adminPayPal Holdings, Inc. (NASDAQ: PYPL) has enabled its U.S. business account holders to buy, hold, and sell cryptocurrency supported on its platform, such as Bitcoin, directly from their PayPal accounts. While this service is available nationwide, it will not be available in New York State at launch, PayPal stated.
JUST IN: PayPal now enables business accounts to buy, hold and sell #Bitcoin and crypto. pic.twitter.com/mIujzhrtiF
— Bitcoin Magazine (@BitcoinMagazine) September 25, 2024
“Since we launched the ability for PayPal and Venmo consumers to buy, sell, and hold cryptocurrency in their wallets, we have learned a lot about how they want to use their cryptocurrency,” said Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies at PayPal. “Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers. We’re excited to meet that demand by delivering this new offering, empowering them to engage with digital currencies effortlessly.”
In addition to buying and selling, U.S. merchants can now externally transfer cryptocurrency to third-party wallets. This new functionality further increases the flexibility of crypto transactions for businesses.
PayPal’s expansion into offering businesses the ability to buy and hold Bitcoin and crypto on its platform builds on its growing digital currency initiatives. This includes the launch of consumer crypto services in 2020 and the introduction of its U.S. dollar-backed stablecoin, PayPal USD (PYUSD), in 2023.
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Analyst
Crypto Pundit Reveals Why $100,000 Is The Nominal Price Level For 2025
Published
2 days agoon
September 25, 2024By
adminOptimism about the Bitcoin future outlook remains strong, with a crypto analyst forecasting a massive $100,000 price increase for the pioneer cryptocurrency. With expectations of an even greater price surge, the analyst believes that a $100,000 ATH for Bitcoin in 2025 is a nominal price target.
Why Bitcoin Will Rise To $100,000 In 2025
Luke Broyles, a prominent crypto analyst and Bitcoin enthusiast recently dived into a discussion about the relationship between Bitcoin’s price and inflation, specifically how the United States (US) inflation affects the value of the cryptocurrency over time. The analyst argues that by 2025, Bitcoin’s nominal price could reach $100,000 due to inflation. However, the extent of this price rally would barely reach levels seen in 2021.
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Before making his $100,000 bullish forecast, Broyles predicted that Bitcoin could rise to $65,000 soon. He compared his projected price leap to Bitcoin’s price all-time high in 2021, which was above $69,000.
According to the analyst, the real value for the 2021 ATH, adjusted for inflation, is actually $83,000 in today’s market. This implies that even if Bitcoin’s current value surges to new levels around $65,000, the cryptocurrency would not have the same purchasing power it did in 2021.
Broyles has projected that in the next six to eight months, there will likely be more money printing, potentially increasing inflation further. Subsequently, he predicts that this rise in inflation could be a catalyst to pushing Bitcoin’s price to $95,000.
Commenting on the analyst’s predictions, a crypto community member questioned his analysis of Bitcoin’s future trajectory, highlighting that a $95,000 price increase was bearish.
Another crypto member claimed that inflation in the US is much higher than what is reported, stating that “the real Bitcoiners” believe that inflation is at least 21% per year, as such Bitcoin should be worth $210,000. Responding to the member, Broyles expressed skepticism about the 21% inflation claim but admitted that inflation could be as high as 12%, 14%, and 16% annually.
In a previous post, Broyles analyzed the current status of the Bitcoin bull market. According to the analyst, the market cycle is halfway through, with 50% of the expected timeline completed and 40% of potential returns achieved. Additionally, Bitcoin’s market sentiment has developed only 10% and Fear Of Missing Out (FOMO) has barely begun, at just 5%.
Analyst Predicts Next BTC Top
On September 24, crypto analyst Ali Martinez forecasted Bitcoin’s next market top in this cycle. According to Martinez, if Bitcoin’s Long Term Power Law holds true, the market can expect the cryptocurrency’s next peak to reach $400,000.
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The Bitcoin Power Law is a concept or theory that suggests a specific mathematical relationship between the price of Bitcoin and its market behavior or adoption. As of writing, the price of Bitcoin is trading at $63,807, reflecting an 8.76% increase over the past week.
Featured image created with Dall.E, chart from Tradingview.com
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Altcoin Sherpa
Analyst Says Clear Bull Trend Underway for AI-Focused Altcoin, Updates Forecast on FET and Two Other Coins
Published
3 days agoon
September 24, 2024By
adminA closely followed crypto analyst says that a clear bull pattern is forming for one artificial intelligence (AI)-focused altcoin while updating his outlook on three other tokens.
Pseudonymous crypto trader Altcoin Sherpa tells his 223,300 followers on the social media platform X that a “clear bull trend” is underway for machine learning protocol Bittensor (TAO).
The trader shares a chart suggesting that TAO has broken out of its multi-month accumulation range.
“TAO never dropped to the range low. Expansion and clear bull trend now IMO (in my opinion), dips are for buying.”
TAO is trading for $488.88 at time of writing, a 5.20% increase during the last day.
Moving on to the native asset of the Artificial Superintelligence Alliance (FET), the trader says he’s waiting for the coin to witness a minor pullback before going long.
“FET – I think $1.50 could be an ok first entry, but pretty aggressive. If patient, you can hope for $1.37ish levels. Would probably do some entries at $1.50 though personally.”
FET is trading at $1.62 at time of writing.
Altcoin Sherpa is also looking at the layer-1 modular blockchain Celestia (TIA), noting that the asset had its first major retracement near its 100-day exponential moving average (EMA).
“Would target $5.11ish for first entries if you like this one.”
TIA is trading for $5.42 at time of writing, a 7.34% decrease during the last 24 hours.
Concluding his analysis with the memecoin Popcat (POPCAT), the trader says the token may be one small correction away from a breakout.
“POPCAT breaks soon after a bit of a pullback. Bullish on all the beta that comes with it (aura/ hehe/ etc).”
POPCAT is trading for $0.923 at time of writing, a 4.42% increase on the day.
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