London Daily

Focus on the big picture.
Wednesday, Jul 08, 2026

Amazon job ad sends Bitcoin surging to $40,000 amid payment speculation

Amazon job ad sends Bitcoin surging to $40,000 amid payment speculation

An online advertisement for a “digital currency and blockchain product lead” on Amazon.com’s recruitment website sent Bitcoin soaring by 11% today - heading towards the $40,000 mark for the first time in more than a month.
The posting, first reported by CoinDesk last week, stoked speculation that the online retail behemoth and world’s biggest company may be considering integrating crypto for payment on its vast platform.

Bitcoin rose 11% to $38,302 as of 11am in London, and earlier prices came within a few hundred dollars of reaching the $40,000 mark.

Ether and other digital currencies also advanced, bringing crypto markets back to life after months in the doldrums - driven down by a regulatory crackdown in China and concerns over the environmental toll of high-powered mining computers.

Some analysts said short covering also fuelled the gain, with almost $1billion of crypto short positions liquidated, the most since May 19, according to data from Bybt.com.

The leap did little to address lingering fears that the crypto space is too volatile to fulfil a broader role as a hedge against inflation.

Susannah Streeter, at Hargreaves Lansdown, said: ‘’When a simple job ad appears to spark resurgence in the value of Bitcoin, it shows how the crypto world is salivating for every nugget of news about the future use case for digital currencies.

“Given the might of Amazon Web Services, it isn’t surprising that the tech giant wants to be at the cutting edge of new payments technology and establishing a new digital currency is likely to be on the agenda.

“But the expectation that payment may also be accepted from the current crypto kids on the block has also led to a spike in their value. Over the past 24 hours Bitcoin has risen by 11%, Ethereum by 8% and Dogecoin by 11%.

“Crypto fans are also hanging on every word of Elon Musk and his hint that Tesla could start accepting Bitcoin again is also behind the crypto bounce.

“The suspension of Bitcoin as a means of payment for Tesla cars sent the crypto world reeling in May, but in a debate with Twitter CEO Jack Dorsey, Musk indicated that could change given mining has reached a tipping point, with much more renewable energy used instead of fossil fuels.

“The sensitivity of crypto coins and tokens remains stark, and given the uncertain landscape ahead, with central banks looking to develop their own digital coins, investors should be wary of speculating with money they can’t afford to lose.’’

Elsewhere, with last week’s searing heatwave but a memory, a dreary mood infected investors on a sluggish opening for London’s top flight.

The FTSE100 pulled out of the recent flash rally to open in the red, ahead of what will be a busy week with earnings updates from heavyweight mining and banking stocks.

Banks were among the biggest fallers, with HSBC 6.85p lower at 394.75p, Natwest down 2.9p at 196.2p, and Barclays losing 2.59p to 164.53p.

But investors were more excited about what is in store from the miners as commodity prices continue to soar.

Rio Tinto, the first to report on Wednesday, is expected to announce $22 billion of profit for the six months, roughly its total for all of 2020, Bloomberg reported. The shares gained 94.22p to 6020.22p.

Antofagasta improved 20p to 1457p, and Anglo American rose 37p to 3000.25p. Glencore and BHP were also in demand.

Richard Hunter, of Interactive Investor, said results from a host of firms, including GsK, AstraZeneca, and ITV promise to make this a “a decisive week in driving nearer term sentiment”.

The FTSE 100 was down 28.63 points to 6998.91. The FTSE 250 was 41.48 points lower at 22842.13.
Newsletter

Related Articles

0:00
0:00
Close
Federal Financial Framework Shifts as Treasury Launches Universal Savings Program for Minors
French Court Allows Le Pen to Run for Presidency, but with an Electronic Tag: "I Will Appeal, and I Will Run"
$1.4 Trillion: The Lawsuit That Could Crush Meta
Europe's Growing Struggle with Extreme Heat and Air Conditioning
UK Daily Briefing: Legal Developments and Social Issues
Political Turmoil and Rising Costs
Anthropic Reengineers Agentic Architecture to Shift Autonomous Workplace Automation to the Cloud
Logic Flaw in Windows 11 Permission Architecture Silently Consumes Hundreds of Gigabytes of Local Storage
Apple Advances Late-Stage Operating Systems with Fourth Beta Deployments
Global Crisis Alert: Escalating Middle East Tensions and UK Political Upheaval
UK Parliament Pushes for Greater Domestic Control Over Critical Technologies
UK Parliament Warns Trade Fair and Exhibition Industry Is Losing Global Competitiveness
Police Launch Murder Investigation After Mother and Two Children Found Dead Near Bedford
British Chambers of Commerce Survey Shows Business Confidence Falls to Post-Pandemic Low
UK Parliament Report Warns Britain Risks Falling Behind in Artificial Intelligence Sovereignty
Office for Budget Responsibility Warns United Kingdom Faces Long-Term Fiscal Pressures
Nigel Farage Resigns as Member of Parliament Amid Financial Scrutiny and Triggers By-Election
Deep Purple Has Released Its Best Album in Decades
UK MPs Criticise Student Loan System as Potentially Mis-Sold to Millions of Borrowers
Policy Groups Propose Bank of England-Backed Solar Loan Scheme for Millions of Homes
UK Health Agency Issues Amber Heat Alerts Across Six Regions as Temperatures Rise
Royal Air Force F-35 Jets Conduct First High North Air Policing Missions From Aircraft Carrier
Major UK Companies Join Government Cybersecurity Pledge Amid Rising Digital Threats
UK Sanctions Russian Operatives Linked to Chemical Weapons Programmes and Poisoning Cases
UK Government Expands Free Breakfast Clubs and Limits School Uniform Costs
UK Water Companies Face Tougher Penalties Under New Environmental Enforcement Rules
UK Universities Warn Funding Cuts Could Damage Skills Pipeline and Economic Growth
NHS Expands Artificial Intelligence Tools to Help Reduce Patient Waiting Lists
NHS Ombudsman Criticises Failures in End-of-Life Communication and Patient Care
NHS Launches Nationwide Vaccination Drive After Rise in Measles Cases
UK Government Introduces New Limits on Foreign-Linked Political Donations
Thames Water Creditors Advance £10 Billion Rescue Plan to Prevent Potential Public Ownership
Andy Burnham Prepares Labour Leadership Platform as Party Faces Post-Starmer Transition
UK Met Office Issues Heatwave Alerts for London and Southern England
Keir Starmer Blocks Earlier World Cup Kick-Off Time for England Match Against Mexico
NHS Digital Transformation and Media Consolidation Highlight UK Policy Priorities
UK Government Pushes Digital Trade Rules to Cut Export Costs for Businesses
Bank of England Plans Leverage Rule Changes to Support Government Bond Market
UK Police Operation Targets Organised Immigration Crime Networks With Hundreds of Arrests
Yvette Cooper Calls for Global AI Rules to Prevent Security Risks
NHS Begins Major AI Expansion Through £10 Billion Digital Investment Programme
UK Government Tightens Rules on Political Donations to Limit Foreign Influence
Keir Starmer Defends UK Defence Spending Plan at NATO Summit in Turkey
Comcast’s Sky Agrees £1.6 Billion Deal to Acquire ITV Media and Entertainment Division
Senior NHS Doctors Vote in Favour of Renewed Strike Action Over Pay Dispute
Andy Burnham Set to Succeed Keir Starmer as Labour Leadership Nominations Open
Microsoft Lays Off 4,800 Employees and Xbox Suffers the Hardest Blow
Office for National Statistics Updates Historical Investment Data Review to Improve Accuracy
Department for Science, Innovation and Technology Highlights Economic Gains From Digital Inclusion
Debate Intensifies Over UK Defence Strategy and Domestic Security Priorities
×