Bitcoin briefly surpassed $40,000 on the Bitstamp exchange at 15:35 UTC, ending its shortest "bear market."
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.
Yuri Molchan
Denys Serhiichuk
Vladislav Sopov