After a rumour about Amazon circulates, the cryptocurrency market jumps overnight

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Bitcoin surged overnight reaching US$39,000 (RM165,028), a level it hasn’t reached since last June. Here's why.

Early last week, Bitcoin continued its slow decline, trading below the US$30,000 mark. But that’s all in the past after a week in which Elon Musk, Jack Dorsey and Cathie Wood all reaffirmed their confidence in the future of crypto assets. And then came a rumour suggesting that Amazon is planning to accept payment on its platform in Bitcoin by the end of the year. The American company is even considering the possibility of creating its own currency during 2022.

“It begins with Bitcoin – this is the key first stage of this crypto project, and the directive is coming from the very top... Jeff Bezos himself,” said the source.

 

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