Jim Cramer: Crypto Feels 'Short Squeeze-ish' Amid Amazon, Tether Reports

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Two reports were taking the world of cryptocurrency by storm Monday. 

Is Amazon Getting Into Crypto? 

Bitcoin prices rose on Monday on speculation Amazon  (AMZN) - Get Amazon.com, Inc. Report could be dipping its toe into cryptocurrency. Amazon posted a job listing for a digital currency and blockchain product lead, which fueled rumors of future crypto integration. 

Full Story: Amazon Looks To Hire Blockchain Lead

Is Tether Facing a DoJ Probe? 

Bloomberg reported Monday that the Department of Justice could bring formal charges against Tether in the coming weeks. The probe is reportedly exploring whether Tether executives engaged in bank fraud by hiding that fact that some of its transactions were related to the cryptocurrency market.

Full Story: Tether Executives Face Possible DoJ Bank Fraud Probe - Bloomberg Report

Jim Cramer weighs in on the latest price swings in cryptocurrency as investors digest reports on Amazon and Tether in the video above. 

Recap TheStreet Live: Everything Jim Cramer Is Watching 7/26

Hear what Jim Cramer is only telling members of his Action Alerts PLUS investing club in Monday's Daily Rundown. 

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