Bitcoin jumps to the highest price in six weeks

 The price of Bitcoin, on Monday, jumped to a six-week high, on speculation that Amazon might venture into the cryptocurrency market.

Bitcoin jumps to the highest price in six weeks

The price of Bitcoin rose to more than $ 40,000, more than 17% of its value, according to the CoinDesk platform, to reach its highest level since mid-June, while rival currency Ethereum jumped by more than 14%.

 “There has been a lack of good news in the cryptocurrency market in the past couple of months, so investors and speculators are using this opportunity to build their positions,” said Bobby Lee, founder and CEO of Bullitt, a crypto-hardware wallet, quoted by The Wall Street Journal. And buy back bitcoin, causing the price to skyrocket.”

Last week, Tesla CEO Elon Musk said he and his rocket company, SpaceX, own bitcoin, despite concerns about its environmental impact.

Musk announced that his electric car company, Tesla, would likely return to accepting cryptocurrency to buy its products if the process of generating it, known as mining, became less dependent on fossil fuels.

Bitcoin is still about 40 percent below its high of $65,000 in mid-April, as China's efforts in May to crack down on bitcoin mining and trading caused sharp price drops.

And in the past few days, speculation about Amazon's potential plans to enter the world of cryptocurrency and related technologies has increased, after the company announced a vacancy on July 22 for an expert in cryptocurrency and blockchain technology, according to the Wall Street Journal.