Bitcoin surged above $40,000 per coin after Amazon revealed it was hiring an expert in the cryptocurrency field. Reuters reported the cryptocurrency’s value jumped 12% over a 24-hour period.
The price eased on Tuesday after an Amazon spokesman denied online speculation, saying that while the company had “an interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true.”
The spokesman added, “We remain focused on exploring what this could look like for customers shopping on Amazon.”