Back in December 2017, when BTC hit $20,000 for the first time, altcoins such as Bitcoin Cash, XRP and Litecoin were firm favorites in the top five. Tether and Binance Coin were nowhere to be seen among the 20 biggest coins. Some, like Polkadot, didn’t even exist. Fast forward to 2021, and the rundown of the 10 biggest cryptocurrencies by market cap looks very different indeed.
Litecoin is the top performer among the top 50 cryptocurrencies. Why?
LTC has easily outperformed BTC over the past few days—and the sudden surge might be linked to the halving that happened last summer
Both cryptocurrencies are among those that are now supported by PayPal’s crypto service, and in the new year, consumers will be able to use them at tens of millions of merchants. But why has this bull run been so beneficial for Litecoin?
PayPal crypto service goes live
The digital payments company’s U.S. customers can now buy and sell bitcoin, ether, bitcoin cash, and litecoin in their accounts, heralding a new level of mainstream availability for cryptocurrencies
Announced last month, the crypto support went live for U.S. customers on Nov. 12, marking a new level of mainstream availability of cryptocurrency. In addition, PayPal said it will “significantly increase cryptocurrency's utility” as it will be usable for purchases at the company’s network of 26 million merchants worldwide.
Bloomberg: Is PayPal buying crypto custodian BitGo?
The report cites anonymous sources who say PayPal is in talks to buy crypto firms including the competitor of its announced custodian Paxos
Citing anonymous sources, the Bloomberg report said that PayPal Holdings is looking to double down on its jump into crypto this week. No other firms were mentioned by name, and the sources made clear BitGo was not a done deal.