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Bitcoin climbs to $ 40,000 because of Amazon
BTC rose sharply by $ 5,000 and returned to a price of $ 40,000.
Jul 26, 2021
2 min read
Anna BakkerNews analyzer

BTCUSD traded below $ 30,000 last week and is 30% more expensive today.

Bitcoin's growth is driven by rumors that Amazon will start accepting Bitcoin as payment by the end of 2021.

Rumors have rejoiced over the Amazon job posting last week for the head of cryptocurrencies and blockchain. It looks like the world's largest retailer is looking for an employee who at least integrates cryptocurrency payments.

Earlier, there were already rumors about the possible acceptance of cryptocurrency at Amazon, but each case the rumors were refuted. It is worth noting that another major player, like PayPal, has already implemented the opportunity for its customers to pay with Bitcoin.

btc-amazon

In general, expectations for the growth of BTC are positive, Bloomberg analyst Mike McGlone is confident that Bitcoin is most likely to grow to $ 60,000 than to fall to $ 20,000. The analyst substantiates his opinion with a similar recovery period for the cents of the main cryptocurrency in similar conditions in the past.

At the same time, the options market is more pesimistic and gives an 8% probability of bitcoin growth to the new one to $ 64,800 by the end of the year, and 2% for more than $ 100,000.

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