All eyes on Bitcoin as it smashes one resistance level to another in reaching the skyrocket price of over $40K. Interestingly, Bitcoin managed to achieve a growth rate of over +14% in the past 24 hours. Truly, this amazing performance made by Bitcoin surprised the crypto community and investors worldwide.
Read CRYPTONEWSLAND onThis made Lark Davis, a Bitcoin investor and crypto analyst, react in a tweet post:
As per Lark, Bitcoin finally frees itself from its bearish downtrend in the past 7 months. “#Bitcoin just broke out of a 7 month downtrend on the RSI, and it did so in a very dramatic way!” he said.
On the other hand, Amazon, one of the biggest names in the e-commerce industry, is eyeing Bitcoin. Specifically, Amazon plans to accept Bitcoin as a payment option in their company before the year 2021 ends.
Amazon further explained:
“This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work.”
The company added that this idea comes directly from the Amazon CEO himself. “It begins with Bitcoin – this is the key first stage of this crypto project, and the directive is coming from the very top… Jeff Bezos himself.” The Amazon spokesperson said.
In other news, Amazon is looking for a blockchain product leader that could drive the vision of the company using blockchain technology. Indeed, this movement made by giant companies such as Amazon can help Bitcoin regain its glory against the bears who stole in the past several months.
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