Bitcoin and Ether Remain Flat as PayPal USD Report Fails to Spark Market

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Major cryptos remained little changed over the past 24 hours even as payments giant PayPal announced plans to issue a stablecoin in coming days, suggesting market sentiment remains tepid despite fundamental developments. By shauryamalwa

Tokens of Meme coin-turned-serious project Shiba Inu seemed to stabilize in early European trading hours after traders took profits on a 25% rise last week.

Meanwhile, some watchers remained upbeat about the longer-term growth of crypto markets despite a generally dim response to PayPal USD . Users can transfer PYUSD between PayPal and supported external digital wallets, use the tokens to pay for goods and services or convert any of PayPal's supported cryptocurrencies to and from PYUSD.

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