A recruitment ad by Amazon has stoked speculation the company may have a favourable view of cryptocurrencies. Photo: Artur Widak/NurPhoto via Getty Images

A recruitment ad by Amazon has stoked speculation the company may have a favourable view of cryptocurrencies. Photo: Artur Widak/NurPhoto via Getty Images

Bitcoin (BTC-USD) and other cryptocurrencies surged higher on Monday morning, amid speculation that e-commerce giant Amazon (AMZN) could soon accept tokens as payment.

Bitcoin was up 12% to $38,723 (£28,169) at just after 8am on Monday morning in London. It marked the cryptocurrency’s highest price in over a month.

The rally was linked to well founded speculation that Amazon could be poised to enter the cryptocurrency area.

Bitcoin surged on Monday morning after reports suggested Amazon was close to accepting the token as payment. Photo: Yahoo Finance UK

Bitcoin surged on Monday morning after reports suggested Amazon was close to accepting the token as payment. Photo: Yahoo Finance UK

The speculation began after Amazon posted a job advert for a “Digital Currency and Blockchain Product Lead” based out of its Seattle headquarters. The job posting, which was Source…