Bitcoin returns to $40K, liquidating over $50M of shorts in hours By Cointelegraph

© Reuters.

(BTC) returned to $40,000 for the first time in two weeks during Feb. 4 as Wall Street volatility proved a boon for BTC bulls.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD suddenly jumping past the $40,000 on Feb. 4, just two hours after the Wall Street open produced rapid gains.

BTC liquidations chart. Source: Coinglass
1-day candle chart (Bitstamp). Source: TradingView