Bitcoin Price Today Jumps $37,000, First in a Month. Check Top Cryptocurrency Rates

Bitcoin price jumped above $37,000-mark on Tuesday, for the first time since June 18. The world’s largest cryptocurrency has been trading in green for the last one week. The price surged after speculation that Amazon may soon start accepting payments in Bitcoin, Ether and other cryptocurrencies. The world’s largest online retailer recently posted a job seeking a digital currency and blockchain product lead. Bitcoin was trading at $37,065 at 0715 hours IST on July 27 on coinmarketcap.com Index. The highest 24-hour trading of Bitcoin was recorded at $37,514.9. The world’s oldest cryptocurrency gained 20.85% in the last one week, the data from coinmarketcap.com showed. The sudden rise in the cryptocurrency world could also be a result of traders buying up bitcoin to fill positions they were short on, having bet its value would fall further. “Bitcoin has witnessed an uptrend over the past couple of days as it skyrocketed from $30,000 to $38,500 levels. The asset finally beat the stiff resistance of $35,000, and since then has rallied upwards. We have also seen volumes build up gradually, as institutional investors seem to be building their positions at these levels," said ZebPay Trade Desk.