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Bitcoin: another euphoria that was short-lived and is back below $ 40,000


Rumors that Amazon would accept it as a form of payment raised its value by 15% in less than three hours.

07/27/2021 11:28 AM

  • Clarí

  • Economy

Updated 07/27/2021 11:38 AM

In the last hours of Sunday, Bitcoin soared after a rumor and on Monday it 

returned to the range of $ 40,000


The novelty that had boosted the value of the most famous cryptocurrency was the possibility that

Amazon would accept it as a means of payment


However, the euphoria did not last long, and this Tuesday, the price woke up somewhat depressed

with a drop of 2.77%, reaching the range of US $ 37,500.

The good news was short-lived. On Monday,

Amazon denied that they would accept bitcoin payments by the end of the year.

According to a Reuters report, quoting a company spokesperson, the company remains interested in the cryptocurrency industry, but has no specific plans to incorporate digital assets for payments yet.

"Despite our interest in the space, the speculation that has arisen around our specific plans for cryptocurrencies is not true,"

said an Amazon spokesperson. However, the man did not deny that he is investigating on the subject, and He added:

"We remain focused on exploring how this might be possible for customers who buy from Amazon."

The London City AM newspaper report, citing an anonymous "insider", sent the world's largest

cryptocurrency up nearly 15%,


cut back on profits.

Prior to Argentine noon, the cryptocurrency recovered a little what it lost and was trying to exceed US $ 38,000.

Bitcoin quote

Shortly after the rumor in favor of Bitcoin as a means of payment, the currency reached its highest level since mid-June.

The bull run began on Sunday when it jumped from $ 30,000 to $ 34,000 and concluded on Monday when it reached $ 40,000.

The rumor that Amazon would accept the cryptocurrency as a form of payment caused

its value to rise more than 15% on


in just three hours.

Speculation was added to Amazon's announcement that other large chains begin to accept the cryptocurrency.

Statements for or against billionaires such as Elon Musk (Tesla) and Jack Dorsey (Twitter) or companies such as Amazon make the price of the best-known cryptocurrency move in one way or another.

But now Bitcoin has soared with the biggest daily gain since February 8, when it began a bullish cycle that took it

to its all-time high of almost $ 65,000.


difference between its record and the current value remains around 40%.

Days ago, Elon Musk, the thermometer man of the cryptocurrency, said: "I would like Bitcoin to be successful."

His statements pushed up the price of the virtual currency that had been depressed.


Bitcoin alone simply cannot scale to be the world's monetary system,

but it could scale to the size of the entire global monetary system with a second layer. I would like Bitcoin to be successful," said the Tesla head.


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Source: clarin

All business articles on 2021-07-27

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