Crypto Currency News

Bitcoin price jumps 12% and targets $ 40,000 barrier

The cryptocurrency reached a new monthly high above $ 39,000 last night and is above $ 38,200.

Bitcoin (BTC) opens the week with a jump of 12%, which has it close to the long-awaited barrier of $ 40,000. The new ascent began yesterday evening, hours after an Amazon source acknowledged that the firm could accept crypto payments in the future. At the close of this note, the price of BTC is $ 38,450.

After several weeks down, BTC reached a new monthly high above $ 39,000 last night; exactly a week ago, it was hitting monthly lows below USD 30K.

Simon Peters, crypto analyst at Etoro, explained in dialogue with NewsBitcoin that the entire crypto market has been affected by the news from Amazon. In view of the jump experienced by BTC in February after Tesla announced that it would accept crypto payments, this time investors did not want to wait and took the opportunity to make new investments on time.

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“The criptomonedas have staged an impressive break on Monday morning, braving the recent pessimism of investors. The bull trade follows news over the weekend that Amazon is looking to expand its crypto presence, “Peters noted.

The expert also recalled when, in October last year, PayPal announced the launch of its crypto platform and also revolutionized the market. “When Paypal made its announcement, bitcoin languished around $ 11,700, but the ensuing Bull Run pushed the crypto asset to an all-time high of $ 63, 346,” he added.

In the last 24 hours, the market again reached $ 1.5 trillion in total capitalization. From there, BTC dominates with 47.1% of the total, followed by Ether (ETH) with 17.8%.

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The rest of the crypto market also felt the momentum of the last few hours. ETH, the leading altcoin, grew more than 10% and far exceeded the $ 2,000 barrier. At the close of this note, the price of ETH is $ 2,344.

XRP and litecoin (LTC) also jumped 10% and trade at USD 0.65 and USD 138 respectively. Cardano (ADA) posted an 11% rise and its price is USD 1.33, while Dogecoin (DOGE) and bitcoin cash (BCH)) stood out with 13%, which brought their prices to USD 0.21 and USD 502.

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