Bitcoin’s price is enjoying some revival as it exceeded the $40k mark for the first time since mid-June.
The token maintained that level before losing momentum and dropping to $38,399 according to CoinMarketCap data (as at press time).
Bitcoin has increased in value by over 10% in the last 24 hours.
Its resurgence saw it cross the $39,000 level earlier today, a move that set off the liquidation of over $800 million in crypto short positions.
Some market analysts and observers have pinned the upward rise on many factors but the most likely of them all is Amazon’s newly found interest in crypto.
Newsbsc reported a few days ago that Amazon is looking to hire a Blockchain and Crypto expert to spearhead their charge into the cryptocurrency industry.
Fresh reports citing inside sources claim that the American multinational tech company will start accepting bitcoin as a means of payment by the end of this year.