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First Mover: PayPal Rushes In and Bitcoin Breaches $12K, While USDC Gains on Tether

PayPal gets conditional N.Y. state license for crypto. Bitcoin prices shoot past $12K. Dollar stablecoin USDC grabs market share from tether.

By Muyao Shen, Omkar Godbole, Bradley Keoun, Sebastian Sinclair

Updated Sep 14, 2021, 10:21 a.m. Published Oct 21, 2020, 12:54 p.m.

Bitcoin prices blew through $12K and are now approaching a new 2020 high.