{"id":46729,"date":"2021-07-27T10:10:21","date_gmt":"2021-07-27T07:10:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46729"},"modified":"2025-09-01T17:51:19","modified_gmt":"2025-09-01T14:51:19","slug":"bitcoin-retreats-from-40000-after-amazon-denial","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-retreats-from-40000-after-amazon-denial\/","title":{"rendered":"Bitcoin retreats from $40,000 after Amazon denial"},"content":{"rendered":"<p>On July 26, Bitcoin price rose above $40,600 (Bitstamp), but by the morning of July 27 it had corrected to $36,380. The reversal came amid Amazon denying reports of cryptocurrency payments support.<\/p>\n<p>As of writing, the digital gold was trading around $37,000. Over the past 24 hours the asset fell 3.9%, according to <a href=\"https:\/\/www.coingecko.com\/ru\"> CoinGecko<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/0DaqfJrk23REtBj5rU9GZXVvWpuq6oR4TKzrwq0wOauTaVs8wJbbub2CQhUnEPAqHKgneWcuNFvSp1ZwqVNfZP1Vhq5JeCqlqN-M2COE58vFwdhyWCCn_07KZSSQ6aEbPI27NpOj\" alt=\"\u0426\u0435\u043d\u0430 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u043e\u0442\u043a\u0430\u0442\u0438\u043b\u0430\u0441\u044c \u043e\u0442 \u043e\u0442\u043c\u0435\u0442\u043a\u0438 $40 000 \u043d\u0430 \u0444\u043e\u043d\u0435 \u043e\u043f\u0440\u043e\u0432\u0435\u0440\u0436\u0435\u043d\u0438\u044f \u043e\u0442 Amazon\"\/><figcaption>BTC\/USD chart from Bitstamp. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/BTCUSD\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/www.bybt.com\/LiquidationData\"> Bybt<\/a>, futures positions worth $562.48 million were liquidated in the last 24 hours.<\/p>\n<p>Earlier, City A.M., citing an insider, reported plans for Amazon to add support for payments in Bitcoin by the end of 2021. Later, Bloomberg reporter Caroline Hyde wrote that the company<a href=\"https:\/\/u1f987.com\/en\/news\/media-reports-that-amazon-will-start-accepting-bitcoin-the-company-denies\"> denied this information<\/a>.<\/p>\n<p>A representative of the tech giant, in a comment to<a href=\"https:\/\/www.reuters.com\/article\/us-amazon-cryptocurrency\/amazon-denies-report-of-accepting-bitcoin-as-payment-idUSKBN2EW2HT\"> Reuters<\/a> confirmed Amazon&#8217;s interest in the crypto industry, but said there were no concrete plans in this direction.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;We remain focused on exploring what this could look like for customers making purchases on Amazon,&#8221; said the agency&#8217;s source.<\/em><\/p>\n<\/blockquote>\n<p>Even during the rise toward $40,000, analyst Micha\u00ebl van de Poppe cautioned the community against overly optimistic sentiment. In his view, in the coming weeks the price would gravitate toward a rising local minimum around $34,500\u2013$36,000, &#8220;unless it breaks above $41,000&#8221;.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> still showing strength, although sentiment is getting euphoric again while approaching the range resistance.<\/p>\n<p>The trend has shifted, as the market has created a higher high.<\/p>\n<p>I think we\u2019re still looking at an HL at $34.5-36K in the coming weeks unless breaking $41K. <a href=\"https:\/\/t.co\/x1cDJDtSEH\">pic.twitter.com\/x1cDJDtSEH<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1419725031874125830?ref_src=twsrc%5Etfw\">July 26, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As of July 25, Bloomberg Intelligence strategist Mike McGlone suggested that <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-strategist-bitcoin-more-likely-to-return-to-60000-than-fall-to-20000\"> Bitcoin was more likely to reach $60,000<\/a> than to fall to $20,000.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On July 26, Bitcoin price rose above $40,600 (Bitstamp), but by the morning of July 27 it had corrected to $36,380. The reversal came amid Amazon denying reports of cryptocurrency payments support.<\/p>\n","protected":false},"author":1,"featured_media":46730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[170,480],"class_list":["post-46729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-amazon","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=46729"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46729\/revisions"}],"predecessor-version":[{"id":46731,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46729\/revisions\/46731"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/46730"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=46729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=46729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=46729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}