Bloomberg

Bitcoin Surges Amid Short Covering, Speculation Over Amazon Plan

(Bloomberg) — Bitcoin soared on Monday to approach $40,000, a rally some attributed to traders exiting bets on declines as well as ongoing speculation over Amazon.com Inc.’s potential involvement in the cryptocurrency sector.The largest crypto rose as much as 15% to $39,681 before paring some of the climb to trade at about $38,600 as of 7 a.m. in London. Other virtual coins also rallied, including second-ranked Ether.”The extent of the jump was probably driven by over-leveraged shorts,” said Vi

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