The Bitcoin price succeeded in holding above $3900 February 20 after a sudden bull run brought the largest trading volumes since May 2018.
Bitcoin Volume Sets 9-Month Record
Data from Coinmarketcap confirmed the return to form for both price and volume over the past 72 hours, Bitcoin rising around 10 percent February 18 and touching the $4000 mark on Bitstamp yesterday.
BTC/USD 00 hit a high of around $3960 on major exchanges, before a slight reversal took the pair to just above $3850.
At press time, however, the newfound momentum had broadly held, assuaging fears that the uptick could suddenly break down and result in more losses.
While no single factor appeared to drive the trend, price drove a resurgence in trading volume, which culminated in February 19 beating every daily total since May 3 last year.