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Bitcoin Retreats After Touching $40K as Amazon Denies Rumors Over Bitcoin Adoption

On the heels of Amazon denying plans to accept bitcoin payments by the end of the year, BTC ​is in pullback mode after approaching $40K Monday. Michael McGuire, CEO of digital asset exchange Symbridge, discusses what to make of the apparent upswing and volatility. Plus, how SEC Chair Gary Gensler's response to Sen. Elizabeth Warren's letter due Wednesday might have a dampening effect on the crypto markets.

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