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It certainly has been a wonderful 24 hours for cryptocurrency traders with strong gains being seen across the board. This has taken the value of the entire .

Earlier this morning, Bitcoin price returned above $8,000 following a slight dip below that price level on Tuesday evening. BTC/USD has been holding steady this week as investors await the next potential breakout. For the past two weeks, Bitcoin gained close to 20%.

BTC/USD Showing Strength
Despite falling below $8,000, Bitcoin price bounced back quickly on Wednesday morning. The slight price dip was likely a result of a “whale dumping” of over $50 million worth of cryptocurrency in one transaction on the Bitfinex exchange. The fact that New York’s attorney general may take a closer look at major cryptocurrency exchanges operating in the state may have also had an effect.