Market Cap: $3,052,473,135,211
24h Vol: $86,926,750,486
Cryptocurrencies: 28005
Markets: 116055
Cryptocurrencies: 28005
Markets: 116055
Market Cap: $3,052,473,135,211     
24h Vol: $86,926,750,486
Seeking Alpha 2021-02-08 16:53:45

Square stock rides up on Bitcoin surge

Square stock rides up on Bitcoin surge
Square ([[SQ]] +7.8%) stock gains as Bitcoin drives up past $43K after Tesla said it invested in the cryptocurrency and will accept Bitcoin for payment on a limited basis soon.Bitcoin has risen about 14% to $43.4K after sliding below $32K in late January.The fintech purchased $50M of the crypto in October; since 2018, the Square Cash app has allowed customers to trade Bitcoin.See how SQ's total return in the past year compares with the PYPL, Bitcoin, and the S&P 500 in chart below.Last October, PayPal ([[PYPL]] +3.6%) introduced its own service for trading Bitcoin, with plans to allow customers to pay for purchases with the digital currency.
esptco-banner img
Latest News

Videos

  • What is Basic Attention Token (BAT)? (EXPLAINED)

  • The Metaverse to Replace the Real World!

  • DCA: Dollar Cost Averaging in Crypto

  • How To Buy NFTs? Step by Step Guide for Beginners

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire