The largest crypto rose as much as 15% to $39,681 before paring some of the climbs to trade at about $38,600 as of 7 a.m. in London. Other virtual coins also rallied, including second-ranked Ether. In the meantime, Amazon’s job board advertised a vacancy for a digital currency product lead, stirring speculation that it might accept digital currency for its transactions in the future.
Last week, Elon Musk also expressed his support for digital currencies. He and Twitter CEO Jack Dorsey mentioned at the B-word conference that Bitcoin is still very much relevant in the world we live in, and will continue to grow in the future. More than $700 million of Bitcoin shorts were liquidated on Monday, the most of any day in at least the past three months, according to data from Bybt.com.
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cryptocurrency, trading conditions, technical analysis, fundamental analysis