Bitcoin rumors debunked, remains bullish

The world's largest cryptocurrency has managed to break the $8,000 mark sooner than expected but has seen a slight dip in value as rumors that have fueled the bull run got debunked.

Some believe the dip was caused by eBay and TD Ameritrade shooting down rumors on their expansion into crypto.

Rumors and speculation push Bitcoin over the $8,000 mark.

Rumors that companies like eBay and trading platform TD Ameritrade might break into the crypto space started circulating since last month.

While the crypto sphere is particularly sensitive to rumors, no one expected they would have such a massive impact.

Many believe that the rumors about corporations and institutional investors venturing into crypto would emerge at the Consensus conference in New York.

Roshan Mirajkar, the co-founder of trading network KoinStreet, said that it's hard to differentiate between rumors and news in crypto.

After weeks of rumors, eBay responded by saying that cryptocurrency is not accepted as a form of payment on the eBay platform, nor is currently a part of their payments strategy.

While these rumors could be traced to a single tweet, many users still took it as a sign that institutional investment is embracing crypto.

Sunayna Tuteja, head of digital assets at TD Ameritrade, said that the company won't be venturing into crypto.