Qtum, Status (SNT) and Iota (MIOTA) rally after breaking multi-year downtrend

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Shortly after Tesla announced that it will allow customers to buy products with Bitcoin (BTC), a curious job posting from Amazon suggests that the company could also be working on a platform that will allow customers in Mexico to use digital currencies for making payments.

If Amazon jumps on the crypto bandwagon, it will immensely strengthen the possibility of cryptocurrencies going mainstream across the world.

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Crypto market data daily view. Source: Coin360

Today Bitcoin price is showing a new spark of optimism after the Bank of New York Mellon announced that it would hold, transfer and issue Bitcoin on part of its clients.  The bank is also said to be developing a platform that will process and custody digital currencies alongside traditional assets like treasuries and stocks.

Bitcoin’s future of becoming a widely accepted medium of exchange and investment vehicle appears to be becoming etched in stone. Meanwhile, several altcoins have been rising, buoyed by strong use cases and protocol upgrades.

Let’s analyze a few of the top performing tokens of this week.