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Why Cryptocurrencies and Crypto Stocks Jumped This Week

·2 min read
Why Cryptocurrencies and Crypto Stocks Jumped This Week
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Shares of cryptocurrency stocks jumped sharply this week, according to data provided by S&P Global Market Intelligence, as cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) made a sharp recovery. Bitcoin jumped on reports over the weekend that Amazon was looking to accept the cryptocurrency as early as this year for retail orders. Bitcoin rose 15.7% between the close of trading a week ago Friday to early this Friday and reached over $40,000 during the week.