BREAKING: Bitcoin Hits $40,000 Again After Short-Lasting Correction

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Thu, 01/14/2021 - 15:47
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Alex Dovbnya
Bitcoin has ended its shortest bear market by recovering to $40,000
BREAKING: Bitcoin Hits $40,000 Again After Short-Lasting Correction
Cover image via stock.adobe.com

Bitcoin briefly surpassed $40,000 on the Bitstamp exchange at 15:35 UTC, ending its shortest "bear market." 

Bitstamp
Image by tradingview.com

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This came after its most brutal correction since March 2020 that took place earlier this week.   

The fast recovery certainly flies in the face of the mainstream media that claimed that the rally had run out of steam a couple of days ago. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.