Market sentiment benefited as PayPal Holdings Inc will allow c | Partner One Trust

Market sentiment benefited as PayPal Holdings Inc will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week. The roll-out, which marks the first international expansion of PayPal's cryptocurrencies services outside of the United States, could inspire further mainstream adoption of the new asset class.

Meanwhile, US crypto exchange Coinbase last week received its board’s approval to buy over $500 million of crypto. Moreover, 10% of the firm’s quarterly net income from now on will go into crypto assets.