Related Reading | Over $800 Million Bitcoin Shorts Liquidated As Price Surges 12% In 24 Hours
Amazon Interested In Cryptocurrencies
A spokesperson for the company denied all rumors of Amazon integrating bitcoin on their platform and making its own native token. But this doesn’t mean that the company has no interest in the cryptocurrency industry. According to the spokesperson, Amazon will continue to explore the space and see what it holds for its customers.“Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true. We remain focused on exploring what this could look like for customers shopping on Amazon.”
BTC loses $1,000 following Amazon response | Source:No cryptocurrencies, in particular, were named in the email correspondence with CoinDesk in which the rumors were dispelled. But as the top cryptocurrency in the market, bitcoin is usually always the first point of contact when companies decide to dip their feet in the crypto market.
Market Impact Going Forward
Continuing on this streak might see the asset’s price falling even further down. Although the e-commerce giant did not completely denounce the entire industry. The market continues to record small losses as the hours go by. But so far, not a wide margin of losses.Related Reading | Number Of Investors Holding Bitcoin Tripled In Last Three Years
Featured image from Al Jazeera, chart from TradingView.com