It is the first time Bitcoin has reached this milestone since May 15th. Bitcoin peers also advanced: Ethereum increased by more than 3%, while Dogecoin increased by almost 2%.
Bitcoin had been approaching this mark all weekend before finally crossing it during the hours of Sunday night, according to CoinDesk data.
The cryptocurrency is also rising afterwards PayPal (PYPL) announced that it will allow people to buy, hold and sell four types of cryptocurrencies (bitcoin, ethereum, litecoin and bitcoin cash) in the UK.
This announcement marks the first international expansion of the company’s cryptocurrency offering outside the United States, where it launched the service in October last year.
With this move, “access to, knowledge of and exploration of cryptocurrency have the potential to become a mainstream in the UK,” the company said in a statement.
They have been a few turbulent months for the cryptocurrency. Bitcoin, which hit an all-time high of nearly $ 65,000 in April, fell to $ 28,800 in June after China stepped up its crackdown on digital currencies.
Bitcoin, which had ranged from $ 30,000 to $ 40,000 for many weeks, it began to emerge from its downfall last month, when the big tech giants indicated – or seemed to indicate – their support for digital currencies.
In July, Amazon (AMZN) published a job offer for a digital currency and a blockchain product, sending cryptocurrencies on the rise. The listing generated information about the technology company’s future involvement in cryptocurrencies and its potential to further legitimize the nascent digital currency sector.
Bitcoin and the like also gained momentum last month from bullish comments from Tesla (TSLA) i Twitter (TWTR) top executives Elon Musk and Jack Dorsey, who each shared how they have incorporated or plan to incorporate digital currencies into their businesses.