Bitcoin (BTC) hasn’t been doing too well recently, though investors with diamond fists are now reaping their rewards. The Bitcoin spike today — Monday, July 26, 2021 — has seen BTC climb by more than 12%. What’s the reason for this sudden turnaround, though? Here’s the need-to-know info for any cryptocurrency traders curious about today’s crypto surge.
What made BTC surge today? (July 26, 2021)
Bitcoin is up more than 12% today, July 26, 2021, due to a rumor that Amazon will accept BTC payments before the end of the year. The e-commerce giant accepting Bitcoin at checkout would mean big business, so crypto traders are looking to invest ASAP.
Amazon will reportedly also accept altcoins, such as Dogecoin (DOGE) and Shiba Inu tokens (SHIB). As a result, it isn’t just Bitcoin that’s currently on the rise — the cryptocurrency market value is up more than 10% as a whole today. This is great news following the unprecedented recent downturn, which was prompting some investors to wonder if the crypto craze was dead.
The sharp increase has no doubt already caught the attention of Tesla CEO Elon Musk, though the investing influencer is yet to comment. It’s possible that BTC will climb even higher if he does; just yesterday, before the July 26 crypto skyrocket, Musk took some time out of his Sunday to share a Dogecoin meme. Naturally, this gave DOGE a bit of a headstart moving into today’s marketwide cryptocurrency uptick.
And finally pic.twitter.com/TcgwMSyjAy
— Elon Musk (@elonmusk) July 25, 2021
Elsewhere in the world of crypto, Rap Doge tokens recently took off. It wasn’t long before they fell back down to Earth, however, which caught the attention of the original Dogecoin developer. Since the token has the backing of several celebrity rappers, Billy “Shibetoshi Nakamoto” Markus was quick to call out Soulja Boy for his part. In a tweet, the DOGE creator says that “every single person involved in this scam is either very stupid or a terrible human being.”
