In the latest development, the price of Bitcoin had crossed $4000. Major altcoins including Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) also jumped.

Bitcoin price tumbled on Monday and Tuesday, falling below the psychologically crucial $4000 level. Yesterday, the top-ranking digital coin was trading down 1.5% at a price of around $3,950. However, today, it has broken the $4000 price barrier again after yesterday’s slump. At the time of writing, BTC is trading across exchanges at $4068, according to CoinMarketCap. The trading volume over a 24-hour period is $11.43 billion, and the market capitalization is $71.7 billion.

Wider crypto market sees mild gains 

The trend is affecting every altcoin too. Ethereum (ETH), the 2nd largest cryptocurrency by market capitalization, is up almost 3.5% over the day, according to data from CoinMarketCap.

Ripple (XRP), the native currency of the Ripple Ledger, is up around 2.5%. It is now exchanging hands at a price of about $31 at the time of writing. XRP is ranked in…

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