Cryptocurrency Reel, After Shock by Investing.com

Investing.com – Cryptocurrencies appear to be running out of positive news that Amazon is set to accept payments as the world’s first digital currency.

On Monday, it rose by more than $ 130 billion, bringing the market cap to around $ 1.53 trillion.

Denial

An Amazon (NASDAQ 🙂 spokesperson denied press reports that the company was considering accepting it as a form of payment this year. News circulated that the company opened up jobs related to blockchain development, and they speculated that this was a step to accept digital currencies as a means of payment, which gave rise to speculation. according to which the largest digital currency, Bitcoin, would rise sharply, reaching the psychologically significant level of 40 thousand dollars.

The proposed position required an experienced product manager to develop Amazon’s crypto and blockchain strategy and define the product roadmap.

to come down

As a result of this denial, Bitcoin fell about 3% to levels of $ 37,000, while the market value fell about $ 40 billion to $ 695 billion. Ethereum, the second largest digital currency, fell about 6% to levels of $ 2.196 thousand, while its market value fell to $ 256 billion.

Binance Coin, the third largest digital currency, fell about 4% to levels of $ 303 while the market value fell to levels of $ 51 billion. Cardano fell sharply by more than 8% to levels of $ 1.25, while its market value fell to around $ 40 billion.

And it fell 5% to levels of $ 0.6261, while Dogecoin fell at a higher rate, losing around 10% to levels of $ 0.196. The total market cap of the crypto aggregator has lost nearly $ 90 billion, bringing the market cap of the cryptocurrency down to around $ 1,455 billion.

Optimism is there

Last week, The B-Word conference brought together three top Wall Street dignitaries who shared their thoughts on the future of Bitcoin and their thoughts on the future. The conference brought together Elon Musk, CEO of Tesla, Jack Dorsey, CEO of Twitter, and Kathy Wood, founder of Arch Investment.

Musk, whose cryptocurrency comments are known for changing markets, revealed that his rocket company, SpaceX, owns bitcoin, and also added that Tesla will resume the ability to pay with bitcoin once miners will switch to more renewables to power the blockchain.

Elon Musk spoke positively about Bitcoin at a conference; Which has fueled the rise of the biggest digital currencies over the past few days. Twitter CEO Dorsey sees opportunities to integrate bitcoin into services like commerce, subscriptions, and new features like Twitter Tip Jar and Super Follows, stressing that bitcoin is key to the future of Twitter.

The article does not express a recommendation or an appointment, but rather a simple monitoring of market fluctuations, as digital currency trading involves high risks, including the risk of losing all or part of the investment amount, knowing that it is not totally subject to authorities and markets.