Bitcoin Price Hike by more than $40,000 after Tesla' tweet

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• Jul 28, 2021 | moderator

In a surprisingly upward trajectory of digital currency Bitcoin, the world's most popular Cryptocurrency, an overnight price hike was witnessed sending a celebratory shudder in the cryptocurrency world. It is anticipated that Tesla and Amazon's subsequent tweets pushed the prices to a surprising hike.

Post news of Bitcoin seeing a hike by more than $40,000 and surging up to $40,094.84 on July 28, the carmaker Tesla’s June quarter earnings showed that its Bitcoin holdings were worth $1.3 billion. Celebrity chief executive officer last week stated that Tesla might resume accepting payments in Bitcoin soon. The speculation came just after Tesla’s news that Amazon may soon start accepting Bitcoin, and all other Cryptocurrencies.

Amazon, a multinational company published a job listing today mentioning that, “The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap,” because of which there was a price hike.

Bitcoin and Ether showed hikes of 8 and 11 percent respectively just after the Bitcoin conference where the TESLA CEO confirmed via a tweet that he might soon start accepting Bitcoins following an upsurge in the percentage of renewable energy usage.