What? Paypal has blocked numerous bitcoin transactions.
After todays release on Bloomberg :p
I think u understood wrongly
https://bitcointalksearch.org/topic/2013-04-24-bloomberg-paypal-considering-adding-bitcoin-as-a-funding-method-186364
http://thenextweb.com/insider/2013/04/24/paypal-president-is-fascinated-by-bitcoin-says-company-is-thinking-about-including-the-virtual-currency/
& google search says paypal thinking about ACCEPTING bitcoin
This is what I am trying to say.
PayPal has not yet agreed that it can be used for Bitcoin.
The price is being driven up by hope. The same hope that saw LTC crash 300%