Tue. May 21st, 2024

Bitcoin Nears $40,000 as Amazon Sets to Accept Cryptocurrency Payments.

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Bitcoin jumped to to near 10% after news trended that Amazon is set to accept the cryptocurrency as a means of payment.

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After a long period of turbulent market volatility that made Bitcoin loose it’s leading position in market share and dropped below $30,000, things started turning up past weeks as the cryptocurrency recorded steady price growth over the week.

Inside sources according to FXleaders revealed Amazon plan to accept Bitcoin. The news became rife following specialised job vacancies announced by Amazon. The positions were for digital leads with core focus on cryptocurrency.

According to Forexlive, The $40,000 mark offers a key psychological resistance now before getting to the 100-day moving average (red line) @ $40,807 and also the resistance region from the 26 May and 15 June highs @ $40,900 to $41,322.”

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