Bitcoin hits 2020 high above $13,000

In the early hours of Thursday, October 22, the price of the first cryptocurrency briefly surpassed the $13,100 mark. This was a record high for the year.

The rise was accompanied by increased activity in the bitcoin futures market.

At the time of publication BTC was trading around $12,800.

In 24 hours, Bitcoin rose 6.4%, over the last seven days – 11.6%. The asset’s capitalization rose to $236.4 billion, and the dominance index surpassed 60%.

The most liquid altcoins have recently tended to follow Bitcoin. To some extent the scenario is repeating: Ethereum (ETH) rose 5.6% in 24 hours to $394, Bitcoin Cash (BCH) up 6.4% to $260.

In the wake of PayPal’s announcement Litecoin’s price rose more than 11%, approaching $53.

XRP, Binance Coin (BNB), Chainlink (LINK), Polkadot (DOT) and Cardano (ADA) were also in the green over 24 hours, but on a seven-day basis they remain in the red.

Source: Coingecko.

PayPal has confirmed the forthcoming launch of a service enabling the purchase, sale and custody of bitcoin and other cryptocurrencies.

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