{"id":63614,"date":"2021-07-28T17:33:16","date_gmt":"2021-07-28T16:33:16","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=63614"},"modified":"2021-07-28T17:33:16","modified_gmt":"2021-07-28T16:33:16","slug":"bitcoin-rises-above-40000-after-sharp-fall-in-mid-june","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/07\/28\/bitcoin-rises-above-40000-after-sharp-fall-in-mid-june\/","title":{"rendered":"Bitcoin rises above $40,000 after sharp fall in mid-June"},"content":{"rendered":"

The world’s largest cryptocurrency, Bitcoin by market capitalisation surged above $40,000 for the first time since mid-June.<\/p>\n

According to data obtained from coinmarketcap.com, the price of the cryptocurrency<\/a> traded 7.1 percent higher on Wednesday afternoon, reaching $40,606 by 1:12p.m.<\/p>\n

The last time Bitcoin traded above $40,000 was June 14, 2021.<\/p>\n

The sharp rise followed a British newspaper’s report\u00a0that Amazon is planning to accept bitcoin payments by the end of the year.<\/p>\n

The report added that the multinational tech company was investigating the potential of developing its token.<\/p>\n

On Monday, Amazon said the report was untrue, dismissing speculations about its plans for cryptocurrencies.<\/p>\n

\u201cNotwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true,\u201d a spokesperson from Amazon said.<\/p>\n

\u201cWe remain focused on exploring what this could look like for customers shopping on Amazon.\u201d<\/p>\n

Elon Musk, chief executive officer of Tesla last week revealed details of his\u00a0crypto holdings.<\/p>\n

His disclosure had caused the price of Bitcoin to rise above $32,000.<\/p>\n

He also said Tesla is \u201clikely\u201d to start accepting Bitcoin as a payment method again.<\/p>\n

\u201cI wanted a little bit more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50%, and that there is a trend towards increasing that number, and if so, Tesla would resume accepting Bitcoin,\u201d he had said.<\/p>\n

Recall that the CBN had directed banks to close accounts of persons or entities involved in\u00a0cryptocurrency transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"

The world’s largest cryptocurrency, Bitcoin by market capitalisation surged above $40,000 for the first time since mid-June. According to data obtained from coinmarketcap.com, the price of the cryptocurrency traded 7.1 percent higher on Wednesday afternoon, reaching $40,606 by 1:12p.m. The last time Bitcoin traded above $40,000 was June 14, 2021. The sharp rise followed a […]<\/p>\n","protected":false},"author":17,"featured_media":35484,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[37],"tags":[6184,728,1001,733],"class_list":["post-63614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-amazon","tag-bitcoin","tag-cryptocurrency","tag-elon-musk"],"yoast_head":"\nBitcoin rises above $40,000 after sharp fall in mid-June<\/title>\n<meta name=\"description\" content=\"The world's largest cryptocurrency, Bitcoin by market capitalisation surged above $40,000 for the first time since mid-June.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2021\/07\/28\/bitcoin-rises-above-40000-after-sharp-fall-in-mid-june\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin rises above $40,000 after sharp fall in mid-June\" \/>\n<meta property=\"og:description\" content=\"The world's largest cryptocurrency, Bitcoin by market capitalisation surged above $40,000 for the first time since mid-June. 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