Global Stock News

Crypto Market Update: PayPal Receives US$53 Billion Joint Bid

Crypto Market Update: PayPal Receives US$53 Billion Joint Bid

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Here’s a quick recap of the crypto landscape for Wednesday (July 15) as of 10:00 p.m. UTC.


Bitcoin price update

Bitcoin (BTC) was priced at US$64,920.63, up by 0.5 percent over the past 24 hours.

The crypto and stock markets are rallying after US consumer and producer price index data showed cooling inflation, dropping higher interest rate projections to 12 percent compared to nearly 42 percent on July 10.

Bitcoin saw a three week high of US$65,200, while Ether reached US$1,895, its highest since June 3.

However, Bitfinex analysts warn that the rally is “borrowed…

Source link

Share this article

Scroll to Top