BREAKING: Amazon denies City AM report accepting bitcoin as payment

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BREAKING: Amazon denies City AM report accepting bitcoin as paymentAmazon has officially denied the company's plan to accept bitcoin as a payment method that resulted in an opportunistic rise in the cryptocurrency market on Monday.

An Amazon spokesperson said: “Despite our interest in the crypto market, the speculation that has emerged about our specific plans for cryptocurrency is not correct.” "We're still focused on exploring what this could look like for customers who shop on Amazon."

The denial came after London business daily City AM, citing an anonymous source, reported that E-commerce giant plans to accept Bitcoin By the end of this year, the support will successively expand to other major cryptocurrencies. The source further said that Amazon has been working on cryptocurrencies since 2019, and “this entire project is pretty much operational.”

However, the crypto market reacted sharply before Amazon's official denial. Bitcoin surged 14.5 percent in just a few hours to nearly $40K, but is now trading at [cryptocurrency_widget type=”inline” template=”generic” color=”default” assets=”BTC~USD” markup= “{price_to}” api=”” realtime=”true” animation=”flash”] . Other cryptocurrencies, big or small, have also followed Bitcoin for some profits.

[cryptocurrency_widget type=”chart” template=”multi-period” color=”navy” assets=”BTC~USD” period=”6m” axes=”true” cursor=”true” api=”” realtime= “false”]

Despite Amazon's official denials, rumors have taken the cryptocurrency market out of a looming downtrend. Bitcoin still (Bitcoin historical data) Significantly down from its all-time high, the cryptocurrency market as a whole has fallen below $1 trillion since May (Cryptocurrency price list).

On the other hand, Tesla CEO Elon Musk recently said that the electric car giant is considering accepting Bitcoin again as a payment for its cars. The company first introduced the Bitcoin payment method in March 2021 But she canceled it in less than two months.

The return on buying bitcoin this year 2021

[cryptocurrency_widget type=”table-portfolio” template=”color-text” color=”orange”=”BTC~USD” fields=”logo,portfolio_date,portfolio_price,price,portfolio_return_pct” quantities=”1,100,250,125″ assets prices=”29300 ,300,100,50″ customizable=”false” search=”false” pagination=”false” rows_per_page=”5″ sort_field=”portfolio_return_pct” sort_direction=”desc” api=”” realtime=”true” animation=” flash” markups=”{name},{name},{name},{name}” urls=”/crypto/{symbol_from}/{symbol_to},/crypto/{symbol_from}/{symbol_to},/crypto/{ symbol_from}/{symbol_to},/crypto/{symbol_from}/{symbol_to}” dates=”1/1/2021″]

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