The crypto market has seen a rise this week with bitcoin nearing about $40000 .The rally was sparked by short covering amidst speculation that amazon was looking into accepting cryptocurrency as payment . However bitcoin retreated to below $37000 early tuesday as an amazon denied the news .
Reports said amazon was looking into developing its own digital currency .
The posting by amazon for crypto developer for payments spiked market interest . All other cryptos were also pulled up due to the rally in bitcoin.
Some reports still are saying amazon is preparing to accept cryptocurrency or digital payments in near future .
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