Bitcoin Rises and Approaches $40,000 Again | Economie

• Bitcoin: Understanding what it is and the risks of investing

Around 8:30 a.m., Bitcoin was up 11.73%, at $38472, according to data from Coindesk.. Earlier, it reached $39,544 USD. Last week, the cryptocurrency fell below $30K for the first time in a month.

The sudden rise appears to have been affected by a job posting on Amazon for a cryptocurrency-related position, fueling speculation about the retail giant’s possible involvement in the sector. The company is said to be looking for an executive to develop a “blockchain and digital currency strategy,” according to Bloomberg.

Tesla co-founder and CEO Elon Musk indicated that the group may return to accepting cryptocurrency as a form of payment. Musk’s moves and statements have been identified as the main reason for the recent strong volatility of Bitcoin.

• Elon Musk’s Tweet Returning to Bitcoin

However, there is no basic information that explains why Bitcoin jumped about 15% during the Asian session to reach $39,681. This is its highest value since mid-June.

Now, after a few months of tilting, bitcoin has enjoyed a lot of positive news from the past few days, and “buying has doubled since last week’s ‘The B Word’ conference,” ThinkMarkets analyst Fouad Razakzadeh told AFP.