RTTNews | Jul 26, 2021 10:31AM EDT

10:31 Monday, July 26, 2021 (RTTNews.com) - Riot Blockchain, Inc. (RIOT) shares are trading up 17 percent on Monday morning, bouncing back from a dip since July 20. Cryptocurrencies have been showing momentum after speculation that e-commerce major Amazon may accept payments in Bitcoin or other digital currencies.

Last week CEO Elon Musk had said that Tesla may resume accepting Bitcoin after conducting due diligence of its use of energy. He revealed that he personally owns cryptocurrency and has held it long-term.

Currently, shares are at $33.13, up 17.92 percent from the previous close of $28.10 on a volume of 5,998,988. The shares have traded in a range of $2.35-$79.50 on an average volume of 13,945,431.

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