Bitcoin prices climbed above $40,000 on Monday for the first time since June 16, helped by short covering triggered by news that Amazon might start accepting payments in the cryptocurrency.
Bitcoin traded as high as $40600 in US stocks at one point, but after-hours media reported that Amazon denied it would accept Bitcoin this year and denied plans to launch a cryptocurrency in 2022. On hearing the news, the price of Bitcoin fell by more than $1200 in the short term, and the increase quickly narrowed.
So far, the price of Bitcoin has fallen by $38000 and is now trading at about $37500.
Previously, according toAmazonThe company plans to accept bitcoin payments by the end of 2021, according to an anonymous source inside.
The source said that Bitcoin is only the first step in Amazon's cryptocurrency ambitions, and that company executives are also keen to add other mature cryptocurrencies in the future. "the whole project is almost ready." In addition to accepting bitcoin payments, Amazon is said to be exploring the creation of its own cryptocurrency, possibly as early as 2022.
There has been speculation that Amazon is about to enter the cryptocurrency field since a new position of "head of digital currency and blockchain products" appeared on Amazon's job bulletin board last week.