The price of Bitcoin rose to more than 40 thousand dollars, by more than 17% of its value, according to the platform “Bitcoin”.Queen Disc’, reaching its highest level since mid-June, while rival currency, Ethereum, jumped more than 14 percent.
newspaper quoted “The Wall Street JournalBobby Lee, founder and CEO of Bullitt, a crypto-hardware wallet, said that “there has been a lack of good news in the cryptocurrency market in the past couple of months, so investors and speculators are using this opportunity to build their positions and buy back Bitcoin, causing The price has gone up significantly.”
Last week, Tesla CEO Elon Musk said he and his rocket company, SpaceX, own bitcoin, despite concerns about its environmental impact.
Musk announced that his electric car company, Tesla, would likely return to accepting cryptocurrency to buy its products if the process of generating it, known as mining, became less dependent on fossil fuels.
Bitcoin is still about 40 percent below its high of $65,000 in mid-April, as China’s efforts in May to crack down on bitcoin mining and trading caused sharp price drops.
In the past few days, speculation about Amazon’s potential plans to enter the world of cryptocurrency and related technologies has increased, after the company announced a vacancy on July 22 for an expert in cryptocurrency and blockchain technology, according to the Wall Street Journal.