The statement by Amazon led to a drop in bitcoin price

After Amazon denied rumors about its support for bitcoin and created its digital coins, bitcoin price dropped by 8%. A representative of the company stated to Reuters that the information about support for crypto payments was false.

The value of bitcoin dropped by 8% overnight. Yesterday the price per bitcoin reached $ 40.5 thousand. Following that, the prices began to fall, and bitcoin’s rate fell to $ 36.3 000. On July 27 at 10:40, bitcoin was traded at $ 37.1 Thousand. According to CoinGecko (RBC Crypto), the capitalization for the digital coin is $ 697 Billion.

Related:Amazon Says No To Bitcoin Payments

Bitcoin price chart

bitcoin price

Amazon advertised last week a job opening for the head of cryptocurrency and blockchain at its headquarters. City A.M. reports that this is because of plans to accept cryptocurrency for payment. According to a source, the order comes from Bezos. Next, Bitcoin can be accepted, and also Ethereum Cardano and Bitcoin cash. The publication claims that Amazon will soon introduce its token in early 2022.

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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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