Amazon Currently has No Plans to Accept Bitcoin Payments

Bitcoin mania is on the rise as bullish signals approach; Bitcoin had seen some very hard days, especially in the past few months when Elon Musk and China were cracking at it, and most of the investors lost their faith in the cryptocurrency. Bitcoin stayed closer and then below the $30K price range and was not able to bounce out of it due to immense pressure on the cryptocurrency over the use of natural resources such as coal for mining. While it is true that Bitcoin mining impeaches our environment and is bad for it in every way, but it is a necessary evil at the moment and must continue until we find adaptable green energy for bitcoin mining and have completely laid out the process.

Coming back to the topic, there were rumors revolving in the crypto space that Amazon has given a green signal to the crypto adoption and the coins that would be incorporated into their payment solution are Bitcoin, Ethereum, Litecoin, and many other altcoins. The rumors didn’t have much credibility but managed to increase bitcoin’s price. This was the first time Bitcoin managed to spike up to $40K, and it was believed that finally, things would start to show up for Bitcoin; once again, Amazon has adopted Bitcoin.

Bitcoin has Remained Bullish Even After Amazon Rejected the Adoption Rumors

But soon enough official statement from Amazon came through, and it clearly portrayed that the e-commerce giant has no intention of incorporating Bitcoin or any other cryptocurrency into their payment solution anytime soon. However, Amazon has posted a job on the official website that demands the need for a professional blockchain expert who can help Amazon explore the decentralized finance (Defi) and possibly minting their own token in the future.

This has clearly affected bitcoin’s price, and the cryptocurrency is now trading at $38K, but the stable support is there for Bitcoin with little to no resistance ahead. Another classic event that has occurred in this short time is that the whales have once again raided the crypto market and are now purchasing Bitcoin as it dips from $40K to $38K. They are confident for a bullish trend for Bitcoin as it approaches stable support even if Amazon is not willing to work with it at the moment.

Leave a Reply

Your email address will not be published.


Coins Capital Review, – Is Coins Capital Scam Or Legitimate?

Coins Capital Trading Platform Rating 4.3 Summary Read our Coins Capital review at FStar Capital Forex and Cryptocurrency Trading blog, find the answer to your question “is Coins Capital scam or legit” and much more! Coins Capital Review You have been thinking for a long time if trading is for you. You have finally […]

AI Center Indicts ChatGPT Developer of Trade Law Violations: Claims Bias & Deception

The organization alleges that the creator of ChatGPT has violated Section 5 of the Federal Trade Commission Act with the release of GPT-4. This section of the act prohibits any practices or acts considered deceptive or unfair and that affect commerce. CAIDP has complained to the US Federal Trade Commission, intending to prevent the distribution […]

Investors Excited As XRP Market Capitalization Hits $20 Billion

It’s been wide jubilation today after XRP investors heard the announcement that the market capitalization has surged to $20 billion. XRP: a cryptocurrency developed and managed by Ripple, a San Francisco, United States, distributed data company. It was gathered that the coin itself responded to this development through a climb in price – it was […]

GlobalTrades Review, – Is Global Trades Scam or a Good Broker?

GlobalTrades Trading Platform Rating 4.6 Summary Read our Global Trades review at FStar Capital Forex and Cryptocurrency Trading blog, find the answer to your question “is scam or legit” and much more! GlobalTrades Review As people look at cryptocurrencies and their immense success, they are eager to start their own trading businesses. While […]

Belgium Regulator Sets To Impose New Crypto Ads Rules

The Belgium government has mandated that every firm offering crypto advertisements should register with it before launching any campaign. Henceforth, any crypto advertisement without the government’s backing would be treated as an offense with heavy consequences. According to the report, the Financial Services and Markets Authority (FSMA) of Belgium recently announced that every potential crypto […]