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Here's Why Bitcoin, Ethereum, and Dogecoin Soared Today

·2 min read
Here's Why Bitcoin, Ethereum, and Dogecoin Soared Today
In this article:
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The cryptocurrency market received a major boost on Monday from a report that Amazon (NASDAQ: AMZN) was preparing to accept Bitcoin (CRYPTO: BTC) and other cryptoassets as forms of payment in the coming months. The news helped to drive Bitcoin's price up 9% as of 4:55 p.m. EDT on Monday. Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) also rallied, to the tune of 5% and 7%, respectively.