Bitcoin is holding steady near $118,912 despite one of the most bullish adoption headlines in recent months: PayPal has officially enabled U.S. businesses to accept over 100 cryptocurrencies, including Bitcoin, Ethereum, and Solana, via popular wallets like MetaMask, Coinbase, and Kraken.
This new “Pay with Crypto” feature also allows seamless conversion into fiat or stablecoins like PayPal’s PYUSD, offering merchants lower fees, faster settlements, and 4% APY on PYUSD holdings.
The global payments giant plans to expand further with the fall launch of “PayPal World,” aimed at linking digital wallets across borders to simplify international transactions. These upgrades follow its earlier move in 2020, allowing crypto purchases and custody.
Now, with withdrawal functionality and merchant integration, the ecosystem feels more complete.
While BTC’s price hasn’t surged immediately on the news, PayPal’s 400+ million active users and extensive merchant network are laying critical groundwork for long-term demand.
The broader implication? A more frictionless, mainstream use of Bitcoin in everyday commerce, fueling bullish projections that BTC could reach $250,000 by 2025 if adoption scales.
Highlights:
PayPal merchants can now accept 100+ cryptocurrencies using top wallets.
Conversions to fiat/stablecoin streamline payment workflows.
Launch of “PayPal World” to expand global crypto commerce.
Bitcoin Holds Steady Despite US-EU Trade Relief
Elsewhere, the macro backdrop is also supportive. A new U.S.-EU trade agreement reduced threatened tariffs from 30% to 15%, adding a modest lift to global market sentiment.
While the updated rate remains higher than the U.K.’s 10%, it’s still seen as a positive step ahead of the upcoming U.S.-China trade deadline on August 1.
These developments have helped boost confidence across equities and crypto, but Bitcoin continues to trade sideways.
As of today, BTC is stuck between $116,000 and $120,000—a narrow range, given the scale of the headlines. Market participants now await this week’s Federal Reserve interest rate decision for potential direction.
Despite positive sentiment, Bitcoin appears reluctant to commit to a breakout. That said, this period of low volatility could be the calm before the storm, especially considering the technical setup.
Bitcoin Technical Outlook: Triangle Break Imminent
Bitcoin is coiling tightly within a symmetrical triangle pattern, a classic formation that often precedes major moves.
Price is pressing just below $121,090 resistance, the top of the structure, while the base near $117,441 continues to provide firm support. A clean break in either direction could trigger a multi-thousand-dollar move.
Bitcoin Price Chart – Source: Tradingview
The RSI hovers around 55.46—neutral but leaning bullish—while price action remains above the 50-SMA (currently at $118,201).
A breakout above $121,100 could open the door to $125,645, while a breakout below $117,400 risks sliding toward $114,500.
Trade Setup:
Buy above $121,100, stop at $118,100, target $125,000
Sell below $117,400, stop at $121,000, target $114,500
With PayPal enabling widespread BTC use and global sentiment improving, Bitcoin’s next breakout could mark the beginning of its next major rally.
Bitcoin Hyper Presale Over $5.7M as Price Rise Nears
Bitcoin Hyper ($HYPER), the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), has raised over $5.7 million in its public presale, with $5,700,020 out of a $6,102,789 target. The token is priced at $0.01245, with the next price tier expected to be announced soon.
Designed to merge Bitcoin’s security with Solana’s speed, Bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity.
The golden cross of meme appeal and real utility has made Bitcoin Hyper a Layer 2 contender to watch in 2025. With staking, a streamlined presale, and a full rollout expected by Q1, $HYPER is gaining serious traction.
The post Bitcoin Price Prediction: PayPal to Enable BTC Payments for Millions of Merchants – BTC Could Hit $250,000 in 2025 appeared first on Cryptonews.
