6 minutes | Oct 23rd 2020

Bitcoin News Roundup for Oct. 23, 2020

With traders anxiously watching bitcoin at $13K and more on the PayPal story, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

This episode is sponsored by Crypto.comNexo.io and Elliptic.

Today's stories:

First Mover: As Bitcoin Tops $13K, Analyst Explains How Blockchain Gives Clues on Next Move 

Chainalysis Chief Economist Philip Gradwell tips his five favorite blockchain data points for analyzing cryptocurrency markets. 

PayPal Said to Be in Talks to Buy Crypto Firms Including BitGo: Bloomberg

PayPal's Move Is Good for Crypto Adoption but Not So Much for Profits: Morgan Stanley

There may be more upside for crypto than for PayPal's earnings, researchers wrote.

Hedge Fund Billionaire Tudor Jones Says Bitcoin Rally Only in 'First Inning': Report

Jones said he has been surprised by the "intellectual capital" behind bitcoin. 

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