The $BTC price has stumbled despite the massive PayPal news
at $28,873 on the Bitstamp exchange in spite of the substantial news from PayPal about its further foray into the cryptocurrency arena., the global payments leader has further ventured into the cryptocurrency arena by launching its own stablecoin, known as PayPal USD . This represents a critical move in PayPal's increasing commitment to cryptocurrencies, marking the most significant action since it initially joined the digital currency space in late 2020.
. There has been a marked uptick in the acquisition of Bitcoin by long-term investors, who now hold roughly 75% of the total Bitcoin supply. Bitcoin, a cryptocurrency known for its extreme price swings, is currently witnessing , according to the latest analysis from blockchain analytics firm Glassnode. The firm says that under 5% of trading days currently present a tighter trading range, signifying an unusually low volatility period in the Bitcoin market.
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