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

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.

Amazon recently listed a job posting for a "Digital Currency and Blockchain Product Lead." The person who fills the role will be tasked with heading up the e-commerce giant's blockchain strategy and product roadmap.

Continue reading

Source Fool.com