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Bitcoin Rises and Approaches $40,000 Again |  Economie

Bitcoin Rises and Approaches $40,000 Again | Economie

The value of Bitcoin soared on Monday (26) and returned to near the $40K level, at a time when tech giants seem to be once again interested in the volatile cryptocurrency.

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.

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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.

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.