What just happened? Just every bit nosotros've seen many times in the past, the price of Bitcoin has tumbled later on a widespread rumor was refuted by those it involved. In this instance, Amazon has denied that it plans to accept the crypto as payment on its platform before the end of the year.

Yesterday saw Bitcoin surge by $xl,000 for the first fourth dimension since mid-June on the back of reports that Amazon would shortly exist accepting it as payment, the issue of a job ad from the company looking for a "Digital Currency and Blockchain Product Lead."

An declared insider told Metropolis A.M that Amazon's embrace of BTC would happen in 2022 and that it would eventually have other cryptocurrencies, in improver to investigating its ain token. All of which pushed Bitcoin above $twoscore,000.

But the boost was short-lived. Amazon has now confirmed the report's inaccuracy, though information technology admits to having an interest in crypto.

"Nonetheless our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is non true," said a company spokesperson. "We remain focused on exploring what this could expect like for customers shopping on Amazon."

Bitcoin roughshod half dozen% following the statement and is $37,620 at the time of writing. Ether, Cardano, Dogecoin, and Stellar have also seen their prices fall.

Bitcoin has had a rollercoaster twelvemonth and so far, having seen its price jump following Tesla's investment and announcement that information technology would have BTC as payment, and so falling when Elon Musk backtracked over environmental concerns. The CEO recently said the EV maker would "likely" first accepting Bitcoin again, increasing its price by 8%.