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Bitcoin fell below 40,000 for the first time since August, amid growing criticism from regulators, before moving to a rally backed by improved availability in global markets.

According to Bloomberg, the largest cryptocurrency in the world broke a three-day downward series, recording an increase of 2.9%, to $ 42,132 on Wednesday. Earlier it lost up to 3.2%, reaching $ 39,625. Slightly lower and ether, solana, litecoin, in the last 24 hours.

In a discussion on cryptocurrencies on Tuesday, US Securities and Exchange Commission Chairman Gary Gensler said previous cases of banks and other companies offering private money had failed.

He also said that there are some "gaps" in the supervision of cryptocurrencies and that Congress could help reduce them, such as the regulation of crypto exchanges.

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