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Bitcoin Jumps After Amazon Headlines

Adel 26 July, 2021 11:30 am Cryptocurrency, Market Update

Cryptocurrencies rallied strongly today, with Bitcoin surge during the morning by more than 15%, on news that Amazon may be adding cryptocurrencies as a payment method.

Elon Musk tweeted that this is the “big bang.”

The e-commerce giant is reportedly hiring experts for blockchain and cryptocurrency payments among the latest job announcements. By appointing a payments acceptance team, Amazon is seeking to develop Amazon’s blockchain and cryptocurrency strategy and develop a roadmap for getting the order into effect.

At a conference last week attended by Elon Musk, CEO of Tesla, Jack Dorsey, CEO of Twitter, and Cathie Wood, owner of Ark Invest, all declared their support for Bitcoin.

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