The digital currency market is boiling again:
Bitcoin, the currency that accounts for about 45% of the cryptocurrency market, has crossed the $ 50,000 threshold per unit for the first time since May.
About a month ago, the currency fell below $ 30,000 per unit, while in April it set a record so far - about $ 64,000 for a single bitcoin.
The digital currency market gained a significant boost yesterday, when PayPal announced the launch of a payment and sales service via crypto in the UK.
No amount limit
This is the first time PayPal has operated a digital currency service outside the US
.
British customers will be able to trade in a variety of digital currencies (Bitcoin, Ether, Bitcoin Cash and Lightcoin) with almost no amount limit (including a single pound).
In other words, the service will also be accessible to potential customers from low socio-economic status.
The head of regulation in the UK has yet to comment on the issue.
"Positive signal to come"
According to Yuval Roash, CEO of Bits of Gold, Israel's leading broker Bitcoin of more than 100 thousand customers Israelis, the massive influx of PayPal is a positive sign of things to come.
"We see a significant increase in the number of purchases from new and existing customers," he declared, "They "See the recovery in the price of currency and the relative stability that the digital currency market has been producing in the past year," Roash told Israel Today.
According to Roash, "Historically, and especially compared to the beginning of 2017 when Bitcoin broke the $ 1,000 currency ceiling again, there was a record break at the beginning of the year then as well as today, accompanied by declines in the market in June and July.
" We saw that the number of purchases actually increased, in the belief that the currency would rise again, and indeed it did. "
As for the near future and the medium term, Roash predicts that the value of bitcoin will continue to rise, at least until its previous peak, which was about NIS 200,000 per currency.