The real reason behind the Bitcoin drive to above 13k

Bitcoin charged higher again overnight, lifting above 13,000 to as high as 13,241. That means it just surpassed the ideal target level noted here yesterday which was at 13,130. The spike to fresh highs not seen since last year was due to a breaking news headline of some true significance. PayPal has reportedly said that it will allow customers to use Bitcoin and other virtual money to shop at as many as 26 million outlets on its system. Other leading coins are also to be accepted and those include Litecoin, Ether and Bitcoin cash. This is truly significant news for Bitcoin and could be a massive game changer across the whole cryptocurrency spectrum. Bitcoin has since fallen back on profit taking after the move higher, but the outlook has certainly been given the biggest boost for a long time. The news was clearly not entirely a secret to those in the know and explains the move higher in recent days and also why the big sea change in cross coin dynamics in recent days. Bitcoin is just now trading at 12,775