Following more positive news from the traditional financial world, this time PayPal, bitcoin spiked again to nearly $60,000. Most altcoins followed along, including Binance Coin. A double-digit price pump for BNB has resulted in breaking above $300.
BTC Eyes $60K
The primary cryptocurrency saw some minor gains on Saturday but erased all progress on Sunday, as previously reported. Consequently, it entered the new working week at about $55,000. However, news from Visa that it would settle some transactions with USDC pumped the asset’s price, and BTC jumped above $58,000.
After a brief retracement to about $57,000, more positive news emerged. This time, PayPal said that US customers would be able to pay with BTC on millions of merchants. The cryptocurrency reacted immediately again, added over $2,000 of value, and spiked above $59,000.
Bitcoin didn’t stop just there and continued upwards in the past few minutes to its current position of $59,700, thus coming just inches away from breaking above $60,000 again.
The technical indicators say that BTC’s major resistance obstacles on its way towards uncharted territory are situated at $60,000, $60,800, and the current all-time high $61,780.
In case BTC is to retrace, the first support levels that could assist are $58,000, $57,500, and $56,500.
BTCUSD. Source: TradingViewNew ATH for Crypto Market Cap; BNB Above $300
Most of the larger-cap altcoins have remained relatively stagnant on a 24-hour scale. Ethereum, Polkadot, Litecoin, and THETA have registered minor gains to $1,840, $34, $197, and $13, respectively.
On the other hand, Cardano, Ripple, Uniswap, and Chainlink are slightly in the red. However, Binance Coin is the most significant gainer …
Story continues on Crypto Potato

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