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PayPal logs its largest Bitcoin volume since May BTC price crash
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Bitcoin (BTC) trading volumes on global payment service provider PayPal reached $145.60 million on Wednesday, just as the benchmark crypto rallied toward its record high near $67,000.
The latest spike in volumes came out to be the highest since the May 19 Bitcoin price crash from around $43,500 to as low as $30,000. On the day, some $304 million worth of BTCs changed hands, almost double the volumes logged on Wednesday.
Nonetheless, in both instances, it was unclear if the volumes were due to the increase in purchasing during the Bitcoin price rally or because of selloffs near the newly-achieved highs. Whatever may be the reason, the PayPal readings reflected a rise in retail activity this Wednesday, further attested by a spike in internet
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