Bitcoin price quickly rebounds to reach $41,000 as market cap passes Tencent

[waybesuricata]

Bitcoin (BTC) returned to $40,000 on Jan. 8 as another price consolidation period ended characteristically briefly.
Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD quickly rise to recapture the psychologically significant price level during trading on Friday.

After a 9% fall following runs to all-time highs the day before, Bitcoin managed to stay lower only for a matter of hours before bullish momentum returned. Thereafter, the largest cryptocurrency not only matched its all-time highs but delivered a new one: $40,087.

Continuation of the article and source: https://cointelegraph.com/news/bitcoin-price-quickly-rebounds-to-reach-41-000-as-market-cap-passes-tencent