Bitcoin News Today: PayPal enables crypto payments for 400M users as analysts predict $250K Bitcoin target by 2025

PayPal has launched a new feature enabling U.S. businesses to accept over 100 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), through popular wallets like MetaMask, Coinbase, and Kraken. The "Pay with Crypto" functionality allows merchants to convert digital assets into fiat currency or stablecoins such as PayPal’s PYUSD, offering benefits like lower fees, faster settlements, and a 4% annual percentage yield (APY) on PYUSD holdings. The move builds on PayPal’s 2020 introduction of crypto purchasing and custody services, marking a significant step toward mainstream adoption [1].

The platform plans to expand its crypto capabilities further with the fall release of "PayPal World," a cross-border digital wallet designed to simplify international transactions. With 400 million active users, PayPal’s integration could expose millions of consumers and merchants to Bitcoin, potentially driving sustained demand. Analysts have cited this development as a catalyst for bullish price projections, suggesting Bitcoin could reach $250,000 by 2025 if adoption accelerates [1].

Bitcoin’s current price remains within a narrow range of $116,000 to $120,000 despite the positive news, reflecting market caution ahead of the Federal Reserve’s upcoming interest rate decision. Technically, BTC is consolidating within a symmetrical triangle pattern, with resistance at $121,090 and support near $117,441. A breakout above resistance could propel the asset toward $125,645, while a breakdown below support risks a decline to $114,500. The Relative Strength Index (RSI) stands at 55.46, indicating neutral momentum, while the price remains above the 50-day Simple Moving Average ($118,201) [1].

The broader macroeconomic environment also supports risk-on sentiment, with a U.S.-EU trade agreement reducing threatened tariffs and boosting global market confidence. However, Bitcoin’s sideways movement suggests traders are awaiting clearer catalysts, such as PayPal’s global expansion or regulatory developments. While the $250,000 target hinges on widespread adoption, the immediate focus remains on whether the asset can break out of its consolidation phase.

Source:

[1] https://cryptonews.com/news/bitcoin-price-prediction-paypal-to-enable-btc-payments-for-millions-of-merchants-btc-could-hit-250000-in-2025/