Bitcoin Price Watch – BTC/USD Returns Above $8,000, Shows Strength

Bitcoin Price

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 …

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