Bitcoin prices soared over speculation that Amazon could be getting involved in the cryptocurrency. — REUTERS
Bitcoin soared on Monday to approach US$40,000 (RM169,260), a rally some attributed to traders exiting bets on declines as well as ongoing speculation over Amazon.com Inc.’s potential involvement in the cryptocurrency sector.
The largest crypto rose as much as 15% to $39,681 (RM167,910) before paring some of the climb to trade at about US$38,600 (RM163,335) as of 7am in London. Other virtual coins also rallied, including second-ranked Ether.
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