Why Cryptocurrencies and Crypto Stocks Jumped This Week

Why Cryptocurrencies and Crypto Stocks Jumped This Week
·2 min read

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.

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