This is the reason why I believe caused it to come out of the ashes of misery yesterday:
Meta Advised to Bet on Bitcoin for Inflation Hedge - a proposal has been presented to Meta’s board. It suggests the company allocate a portion of its $72 billion in liquid assets into Bitcoin.
While a lot of sentiments might follow this intuition of the news having to affect the market in a much positive way, I can’t say for sure that it was this news but, I understand the fact that, news such as these could influence investors decision. Even though it never stated that the whole $72 billion would be invested in Bitcoin but just a portion of it, if the shareholders could come to an agreement, it’s enough to cause a positive shift on the market. I was surprised where I saw price today in contrast to where I left it yesterday. Bitcoin could always do that to the much of my delight anyway.