{"id":468198,"date":"2021-07-27T17:00:28","date_gmt":"2021-07-27T17:00:28","guid":{"rendered":"https:\/\/ktsl888.com\/?p=468198"},"modified":"2024-06-11T13:57:19","modified_gmt":"2024-06-11T13:57:19","slug":"bitcoin-price-drops-1000-in-12-hours","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-drops-1000-in-12-hours\/","title":{"rendered":"Bitcoin Price Drops $1,000 In 12 Hours After Amazon Dispels Bitcoin Integration Rumors"},"content":{"rendered":"<p class=\"p1\">Bitcoin price promptly lost $1,000 in 12 hours after an Amazon spokesperson confirmed that the company was not planning to add bitcoin to its platform. The price which had seen a major uptick in the price in the day following the news of the company accepting bitcoin has now started to correct back down.<\/p>\n<p class=\"p1\">Amazon rumors circulated the market, contributing to major gains in the crypto market. Coins like Bitcoin and Dogecoin saw over 10% gains added to their prices in just 24 hours. The crypto market recorded significant gains as the market saw hundreds of millions of shorts liquidated in a short period of time.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/800-million-bitcoin-shorts-liquidated\/\">Over $800 Million Bitcoin Shorts Liquidated As Price Surges 12% In 24 Hours<\/a><\/strong><\/em><\/p>\n<p class=\"p1\">As news spreads around the market of the denials, prices continue to fall across the board. Cryptocurrencies like Bitcoin and Ethereum have recorded dips in their prices in the last 12 hours following this.<\/p>\n<h2 class=\"p1\">Amazon Interested In Cryptocurrencies<\/h2>\n<p class=\"p1\">A spokesperson for the company denied all rumors of Amazon integrating bitcoin on their platform and making its own native token. But this doesn\u2019t 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.<\/p>\n<blockquote>\n<p class=\"p3\"><span class=\"s1\">&#8220;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.&#8221;<\/span><\/p>\n<\/blockquote>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/AVPqUzZ4\/\" alt=\"Bitcoin chart from TradingView.com\" width=\"1348\" height=\"705\"><\/p>\n<pre style=\"text-align: center\">BTC loses $1,000 following Amazon response | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/UG2tjOD6\/\" rel=\"nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<p class=\"p5\">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.<\/p>\n<h2 class=\"p5\">Market Impact Going Forward<\/h2>\n<p class=\"p5\">Continuing on this streak might see the asset&#8217;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.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-investors-tripled-since-2018\/\">Number Of Investors Holding Bitcoin Tripled In Last Three Years<\/a><\/strong><\/em><\/p>\n<p class=\"p5\">The impact of the rumors of the Amazon bitcoin integration continues to show just how important adoption is to the wider crypto industry. Mainstream usage will be the final stage of adoption, and prices of BTC and other cryptocurrencies are likely to soar. A 10% gain in just hours following a rumor like this sets the stage for market reactions when actual adoptions like this happen.<\/p>\n<p class=\"p5\">Bitcoin has recorded over a 3% loss following this news, to be trading in the $37,000 price range.<\/p>\n<pre style=\"text-align: center\">Featured image from Al Jazeera, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price promptly lost $1,000 in 12 hours after an Amazon spokesperson confirmed that the company was not planning to add bitcoin to its platform. The price which had seen a major uptick in the price in the day following the news of the company accepting bitcoin has now started to correct back down. Amazon rumors circulated the market, contributing to major gains in the crypto market. Coins like Bitcoin and Dogecoin saw over 10% gains added to their prices in just 24 hours. The crypto market recorded significant gains as the market saw hundreds of millions of shorts liquidated in a short period of time. Related Reading |\u00a0Over $800 Million Bitcoin Shorts Liquidated As Price Surges 12% In 24 Hours As news spreads around the market of the denials, prices continue to fall across the board. Cryptocurrencies like Bitcoin and Ethereum have recorded dips in their prices in the last 12 hours following this. 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\u2019t 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. &#8220;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.&#8221; BTC loses $1,000 following Amazon response | Source: BTCUSD on TradingView.com 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&#8217;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 |\u00a0Number Of Investors Holding Bitcoin Tripled In Last Three Years The impact of the rumors of the Amazon bitcoin integration continues to show just how important adoption is to the wider crypto industry. Mainstream usage will be the final stage of adoption, and prices of BTC and other cryptocurrencies are likely to soar. A 10% gain in just hours following a rumor like this sets the stage for market reactions when actual adoptions like this happen. Bitcoin has recorded over a 3% loss following this news, to be trading in the $37,000 price range. Featured image from Al Jazeera, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":468199,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[149,428,679,1119,1144,78790],"class_list":["post-468198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-amazon","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Drops $1,000 In 12 Hours After Amazon Dispels Bitcoin Integration Rumors<\/title>\n<meta name=\"description\" content=\"Bitcoin price promptly lost $1,000 in 12 hours after an Amazon spokesperson confirmed that the company was not planning to add bitcoin to its platform.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/ktsl888.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Drops $1,000 In 12 Hours After Amazon Dispels Bitcoin Integration Rumors","url":"http:\/\/ktsl888.com\/news\/bitcoin-price-drops-1000-in-12-hours\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-price-drops-1000-in-12-hours\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/07\/bitcoin-2.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/07\/bitcoin-2.jpeg?fit=1200%2C630"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["amazon","bitcoin","bitcoin price","btc","btcusd","btcusdt"],"dateCreated":"2021-07-27T17:00:28Z","datePublished":"2021-07-27T17:00:28Z","dateModified":"2024-06-11T13:57:19Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Drops $1,000 In 12 Hours After Amazon Dispels Bitcoin Integration Rumors\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-drops-1000-in-12-hours\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-drops-1000-in-12-hours\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/bitcoin-2.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/bitcoin-2.jpeg?fit=1200%2C630\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"amazon\",\"bitcoin\",\"bitcoin price\",\"btc\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2021-07-27T17:00:28Z\",\"datePublished\":\"2021-07-27T17:00:28Z\",\"dateModified\":\"2024-06-11T13:57:19Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/07\/bitcoin-2.jpeg?fit=1200%2C630","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/468198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=468198"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/468198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/468199"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=468198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=468198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=468198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}