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Bitcoin retreated after Amazon denied rumors about accepting cryptocurrency.

The night before, bitcoin (BTC) tested values above $40,000, but the cryptocurrency could not stay at this level.


On July 27, during Asian trading, the coin fell to $37,100. The capitalization of BTC decreased by 3.5% to $698.1 billion.


Almost all altcoins have lost their positions. Ether (ETH) and Finance Coin (BNB) fell in price by 6% to $2,200 and $305, respectively. The biggest losses were suffered by Cardano (ADA) and Dogecoin (DOGE), these cryptocurrencies fell by more than 10% to $1.25 and $0.201. The market capitalization today fell to $1.466 trillion.

At the end of last week, the publication City AM, citing its sources, told about the intention of Amazon to start accepting bitcoin by the end of this year. It was this information that became one of the triggers that revived traders, analysts say.


At the end of last week, the publication City AM, citing its sources, told about the intention of Amazon to start accepting bitcoin by the end of this year. It was this information that became one of the triggers that revived traders, analysts say.

However, a representative of the giant last Monday told CNBC that Amazon has no plans to accept BTC. As soon as this official denial was received, the market returned to the red zone again.


The representative of the company stressed:

Despite our interest in this space [the cryptosphere], the speculations that have appeared around our plans for specific cryptocurrencies do not correspond to reality. We are still exploring options to improve the conditions for customers shopping on Amazon.


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