Bitcoin jumped on Monday to nearly $40,000, a rise that some attribute to traders exiting bets on the dips, as well as persistent speculation about the possibility of a giant entering Amazon e-commerce in the cryptocurrency sector.
The largest cryptocurrency rose 15% to $39,681 before paring some gains to trade at around $38,100 this morning in Hong Kong. Other digital currencies also rose, including Ethereum, which ranks second.
Amazon announced last week a vacancy for a crypto product team leader, sparking speculation that it might accept cryptocurrencies in transactions.
The rise is also based on other recent forms of support for Bitcoin, including positive comments from Tesla CEO Elon Musk and Kathy Wood of Ark Investment Management. , which led the cryptocurrency price over the weekend to surpass its 50-day moving average, a trend some see as positive.
Bitcoin is still about $27,000 below its mid-April high of nearly $65,000, as the popular cryptocurrency takes a hit from criticism for the power consumed by its computer servers. Backed by it, regulatory repression in China and stricter official scrutiny in Europe and the United States.
The CEO of Tesla - which already owns Bitcoin - revealed at a conference on Bitcoin last week that his space exploration company, SpaceX, also owns the cryptocurrency.< /p>
Musk added that he would like to see the cryptocurrency succeed, and that he personally bought Bitcoin, Ether and Dogecoin.
Kathy Wood said companies should consider adding bitcoin to their balance sheets.
