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

Bitcoin ( BTC ) returned to $40,000 on Jan. 8 as another price consolidation period ended characteristically briefly. Cryptocurrency market overview. Source: Coin360
Data from Cointelegraph Markets , Coin360 and TradingView showed BTC /USD quickly rise to recapture the psycholigically 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. Thereaf…

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