Rumours that Amazon may be poised to accept Bitcoin on its website saw a buying frenzy that sent the digital currency’s price skyrocketing.
The company has registered three new internet domain names related to cryptocurrency, prompting some analysts to suggest it may be about to make the move.
The three domain names it has just registered are amazonethereum.com, amazoncryptocurrency.com and amazoncryptocurrencies.com. It had already registered amazonbitcoin.com. Ethereum is the second biggest digital currency after Bitcoin.
The news saw a huge spike in the Bitcoin price, which hit $7,351 (£5,631) on Thursday after opening at just over $6,500 – a level some analysts thought might be a psychological barrier.
After a short period of extreme volatility the price settled down at just over $7,000.