Market reaction is over if you ask me. I can recall this news was published before 2 or 3 days. So the market is already related then and the current market is playing normally. However, it was expected since PayPal decide to allow to buying Bitcoin and hold. So it was a matter of time when they will allow selling as well. Of course, this is a good sign and most probably it's just an experiment that would encourage acceptance in more countries.
Yeap, it's pretty much priced in because it's already expected. If this was to have a positive price impact, it will take time because we really don't expect a mass flooding of people into cryptocurrencies just because PayPal added them.
Yh, as with most things now a days it seems to have been factored in already. I know there were talks about it several months ago, but this is the real thing.
Yes, it could be that the flood of people might be yet to follow until this news is fully solidified and practiced, but still can't complain - this is positive news and hopefully it will lead to something even bigger