Bitcoin Value Returns to $40,000

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Bitcoin’s value has risen again to nearly $40,000, after a significant dip last week. The recovery is probably related to the speculation that online store group Amazon will also do something with crypto coins.

 

Recently, the digital currency was worth less than $30,000. But according to CoinMarketCap, it is now more than $ 39,000. That website monitors various platforms on which cryptocurrencies are traded.

Amazon advertised a job posting for a digital currency product leader last week. This could indicate that the group also wants to accept digital coins as a means of payment in its web stores, experts think. Tesla CEO Elon Musk also spoke positively about bitcoin last week.

Still, the currency’s value is still a long way from its mid-April peak. Back then, bitcoin traded for nearly $65,000. After that, the price plummeted.

According to experts, this was partly because electric car manufacturer Tesla stopped accepting payments in bitcoins due to environmental concerns. In addition, the Chinese government decided to take strict action against so-called bitcoin miners.

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