The crypto space was overwhelmed followed by an announcement done by Paypal. The third-party transfer platform rolled out its plans to enable its customers to buy, sell, and hold cryptocurrencies. Initially, Paypal would allow only four cryptos, Bitcoin, Litecoin, Ethereum and Bitcoin Cash.
With the announcement, Bitcoin intensified its bull run which took the prices above $13000 within a blink of an eye. Moreover, it revisited the levels yet again one more time, but due to the increased selling pressure, it dumped back below $13000.
Nevertheless, it is still trending above $12,900 and it can touch the highs of 2020 anytime from now. Currently, the Bitcoin price is $12,894 with a jump of 4.9 percent in the last 24-hours. However, the next roadmap for the asset to reach $14000 seems to be clear without many hurdles.
Bitcoin’s Market-Cap is in the Top 25
The intensifying surge in the Bitcoin’s price has landed up the Bitcoin the asset among the top 25 by market capitalization alongside the US stocks and ETF’s. One of the crypto insight provider Bloqport has tweeted in this regard.
As per him, Bitcoin’s market capitalization has surpassed the big giants like Disney, Intel, Netflix, Coca-cola and Bank of America.
The swelling market capitalization is anyway a good and a positive sign which could attract many more institutional investors in the near future. The ranking among the US stocks and ETF’s could be yet another push towards mass adoption of the digital asset in the mainstream.