Yesterday, Bitcoin rose to $ 40,000. The driver of this growth was Amazon, which announced its participation in the crypto industry.

Based on data from Bybt.com, short positions of the cryptocurrency were liquidated in the amount of more than $ 950 million on Monday. Vijay Ayyar, head of the Luno crypto exchange in Singapore, said that the surge in cryptocurrency was probably caused by the reduction of short positions with excessive leverage.

Bitcoin grew by 15.8% for the day.

According to Bloomberg News, the US Department of Justice is investigating whether bank fraud was committed at the initial stages of its cryptocurrency business by the executives behind the digital token Tether.

The report says that the investigation is focused on events that occurred several years ago, when the Tether stablecoin, launched in 2014, was at the initial stage of development.

The stablecoin universe is currently dominated by two main tokens: Tether and USD Coin. Tether accounts for more than 60% of all issued stablecoins worth about $ 100 billion.

The cryptocurrency has grown ahead of the update, which is due to take place on August 4. This will reduce the number of unpaid tokens.

It is worth noting that the volatility of cryptocurrencies has decreased since mid-May, and the enthusiasm has somewhat dissipated amid tough regulatory measures in China and criticism about the damage caused to the environment.

On Monday, the cryptocurrency was revived.

Lucas Lagoudis, executive director of the digital asset hedge fund, said that he was very pleased to see bitcoin grow by 10% overnight. However, he warned that investors should still be careful and avoid excessive trading for the time being due to the fact that the liquidity is still low.