ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Cryptocurrencies

Bitcoin tops $16,000 on PayPal bull run

Cryptocurrency could touch $20,000 as investor interest surges

Bitcoin last attained a record value near $20,000 in a rally that lasted through December 2017.   © Reuters

NEW YORK -- Bitcoin surpassed the $16,000 mark for the first time in nearly three years Thursday, as the market cheers PayPal's decision to let customers use virtual currencies for purchases.

The last time bitcoin touched such a level was in January 2018, according to the tracker Coindesk. Bitcoin jumped by roughly 40% over a month through Thursday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more