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Amazon dispels rumors of Bitcoin plans
Bitcoin rose 9% on Monday amid rumors about Amazon and lost all of its recent gains when the rumors were denied.
Jul 27, 2021
1 min read
Anna BakkerNews analyzer

The rumors have been prompted by recent information from an insider, which says e-commerce giant Amazon plans to use cryptocurrency for payments as early as the end of this year. In support of this information, a recent Amazon vacancy for a blockchain and cryptocurrency expert was discovered.

However, Amazon has denied all rumors and does not intend to use Bitcoin either this or next year, but said it will continue to research digital assets.

btc-amazon

The sharp jump in the value of BTCUSD was caused not only by rumors. The rise in price was also stimulated by the liquidation of short positions, the holders of which were forced to buy cryptocurrency, thus strengthening the upward movement. When Bitcoin climbed above $ 39,000, $ 900 million worth of small speculators was liquidated.

In conditions of instability, leading experts recommend switching their attention to gold. Choose a reliable broker for trading precious metals or use the stable Goldman trading advisor.

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