Bitcoin back above 40k again now

The rebound in Bitcoin has continued further today. Earlier on it was noted here; that the lead cryptocurrency had reclaimed the 39k handle. Well, now it has retaken the 40k handle a few moments ago. It could be that the rebound in US treasury yields is having a positive impact on Bitcoin as many see it as the ultimate digital inflation hedge. That is obviously open to massive debate and there is no view on that here. Irrespective of that; it is important to understand how many market players might use that as an excuse to buy it. Either way, it is higher now and is once again closing in on that noted 200 day moving average. As mentioned earlier that is in place today, now at 40,732. Bitcoin is just now trading at 40,160