London Daily

Focus on the big picture.
Sunday, Sep 06, 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
OpenAI Unveils GPT-6 and Says: "We May Already Have Reached AGI"
Congressman Accused Andrew of Sex Crimes in the United States
Donald Trump: "I'm Glad Harry and Meghan Left the United States"
Spicy Food Is Linked to Lower Death Risk — but It Is Not a Miracle Cure
AfD Enters Saxony-Anhalt Election at 41% in Historic Test for German Politics
Gen Z Turns to Investing as America's First-Home Dream Moves Further Out of Reach
Thousands Join London March Calling for Tighter Abortion Restrictions
Institute of Directors Says Tax and Regulatory Uncertainty Still Weighs on UK Investment
Bank of England Faces Rate Dilemma as Weak Growth and Persistent Inflation Raise Stagflation Risks
Masked Anti-Immigration Protesters Block Roads to Port of Dover
Prime Minister Andy Burnham Sets Out Devolution and Re-Industrialisation Agenda
British Chambers of Commerce Forecasts UK Growth of Just 1% Through 2027
UK Government Advances Bill to Tighten Rules on Overseas Political Donations
Nigel Farage Faces Scrutiny Over Alleged Reform UK Donation-Law Evasion
Thousands Join Anti-Abortion March Through Central London
UK Beekeepers Call for Nationwide Tracking as Asian Hornet Sightings Increase
England Sees Sharp Rise in Property Subsidence Claims After Record Summer Heat
House of Lords Advances Financial Services Reform Bill
House of Lords Begins Detailed Scrutiny of Railways Bill and Great British Railways Plan
UK Treasury Cuts Green Book Discount Rate to Support More Regional Infrastructure Projects
Reform UK Suspends Two Senior Aides After Undercover Report on Foreign Donation Rules
UK Chancellor Warns Autumn Budget Will Require Tough Choices as Energy Shock Squeezes Public Finances
UK Parliament Raises Concerns Over Funding Structure of £400 Million Tropical Forest Initiative
Andy Burnham Launches Number 10 North as Part of UK Devolution Push
UK Reaffirms Falkland Islands Sovereignty Amid Renewed Regional Pressure
Andy Burnham to Abstain From Assisted Dying Vote as Ministers Are Told to Remain Neutral
Kemi Badenoch Sacks Shadow Chancellor Mel Stride in Conservative Economic Strategy Shake-Up
UK Government Drops Early Prisoner Release Plan in Favor of Deportations and Wider Prison Reform
UK Farmers Warn Drought-Hit Harvests Could Push Grocery Prices Higher
UK Economy Faces Persistent Stagflation Risks Ahead of October Budget
Masked Protesters Block Port of Dover Roads, Disrupting Cross-Channel Traffic
Reform UK Suspends Senior Officials After Undercover Investigation Into Foreign Donation Plans
UK Urges Households to Keep Emergency Supplies Amid Severe El Niño Warning
Prime Minister Andy Burnham Sets Out Regional Industry and Prison Reform Agenda
Siemens Energy Wins Rolls-Royce Small Modular Reactor Manufacturing Contract
UK Mortgage Costs Rise as Gilt Yields and Swap Rates Climb
Bank of England’s Huw Pill Calls for Prompt Rate Rise as Inflation Risks Persist
National Audit Office Warns UK Is Unprepared for Major Food Supply Disruptions
British Army Suspends Some Training Exercises as Budget Pressures Intensify
HMS Queen Elizabeth Deploys as NATO Allied Response Force Command Ship
Reform UK Suspends Two Senior Officials Over Alleged Foreign Donation Scheme
UK Reasserts Falkland Islands Sovereignty After Argentina Threatens Sanctions
Scottish Tech Company PureLifi Enters Administration With More Than 40 Job Losses
Scottish Government Names Alyn Smith Innovation and Education Minister
Green Party Co-Leader Zack Polanski to Contest By-Election for Keir Starmer’s Former Seat
Palestine Action Activists Appeal Terrorism-Related Prison Sentences
PwC Report Highlights Persistent Regional Spending-Power Divide Across Britain
UK Names Hundreds of Employers for Minimum Wage Violations
UK Commits £400 Million to International Tropical Forest Fund
UK Extends £2 Bus Fare Cap Across England Through 2027
×