Bitcoin price shot up 12% in an hour earlier today to record a new monthly high of $39,230 and currently looking to break out of the two-month-long price zone. The top cryptocurrency has been moving between the $30K-$40K price range since the market crash in May. BTC also broke past key resistance of $38,300 and is currently looking to conquer the $40K mark.
Source: TradingView
The price pump is believed to be a result of rumors about Amazon planning to accept Bitcoin. As per an insider report, Amazon may add Bitcoin payment by the end of this year and might launch a token of its own by 2022. The news definitely had a part to play in pulling Bitcoin out of its month-long price slumber and help it begin the next leg of the bull season. Amazon’s rumored Bitcoin payment addition could very well put Tesla Bitcoin FUD to rest.
Tesla Bitcoin FUD Could Become a Thing of Past
When Tesla first announced it would start accepting Bitcoin as a payment for its cars, BTC price saw a significant pu
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