Bitcoin (BTC-USD) caught a bid in Friday afternoon trading, recovering a portion of the "sell-the-news" correction stemming from the long-sought approval of spot bitcoin exchange-traded funds earlier this month.

The first-ever cryptocurrency jumped 5.2% to $41.8K at 12:24 p.m. ET, still well below the $49K mark reached a day after the Securities and Exchange Commission approved 11 ETFs investing directly in the token.

Buying pressure persisted across a slew of major coins, with ether (ETH-USD) up 3.2% to $2.27K, cardano (ADA-USD) +4.9%, solana (SOL-USD) +8% and dogecoin (DOGE-USD) +3%.

Overall, the global crypto market value gapped up 5.2% to $1.62T, according to data from CoinMarketCap.

The intraday strength in crypto prices helped push up crypto-related stocks. Bitcoin (BTC-USD) miners Riot Platforms (RIOT) +7.3%, Marathon (MARA) +11.5%, BIT Mining (BTCM) +11.2%, Bitfarms (BITF) +12.8% and CleanSpark (CLSK) +11.2%. Michael Saylor's MicroStrategy (MSTR) +8.6%, crypto exchange Coinbase Global (COIN) +3.7% and Mike Novogratz's Galaxy Digital (OTCPK:BRPHF) +12.1%.

At the beginning of the week ended Jan. 26, bitcoin (BTC-USD) dropped to below $39K for the first time since early September, as traders' excitement about the approval of spot bitcoin ETFs dissipated.