Bitcoin updated its 2020 maximum at above $12,850.

On Wednesday 21 October, the price of the first crypt currency continued its upward movement, exceeding $12,850 at the time. This is a record level for the current year and the highest since July 2019.

Bitcoin rose in price by 6.4 per cent per day and 11.6 per cent over the last seven days; capitalisation increased to $236.4 billion and the dominance index exceeded 60 per cent.

At the time of publication, BTC is trading around $12,780.

The most liquid altocoins in recent times have often followed the price movements of the first crypt currency, and to some extent the scenario is repeated: Ethereum (ETH) rose by 5.6% to $394 per day, Bitcoin Cash (BCH) rose by 6.4% to $260.

Litecoin (LTC) attracts attention – in 24 hours, its price rose by more than 11%, approaching $53.

XRP, Binance Coin (BNB), Chainlink (LINK), Polkadot (DOT) and Cardano (ADA) are also on the plus side of the day, but the 7-day stretch is still in the red zone.

Earlier today the PayPal payment company confirmed the forthcoming launch of the function of buying, selling and storing bitcoin and other cryptov currencies.

Another factor that may have pushed the price up was the news that Mode Global Holdings PLC, a finthex group listed on the London Stock Exchange, was the first British public company to plan to buy bitcoins as part of its investment strategy. It has allocated up to 10% of its capital for this purpose.