Amazon denied the report from City A.M that Amazon was planning to accept Bitcoin payment by the end of the year. The report from London’s City A.M pumped the Bitcoin price. After reaching the $40,556.00 price, the Bitcoin price fell below $38,000. Amazon spokesperson said:
Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true. We remain focused on exploring what this could look like for customers shopping on Amazon.
Here’s MartyBoot’s idea on TradingView about what’s next for Bitcoin after Amazon Denied the Bitcoin rumors:
Masab Farooque is a Tech Geek, Writer, and Founder at The Panther Tech. He is also a lead game developer at 10StaticStudios.
When he is not writing, he is mostly playing video games