Bitcoin is back above $8,000 after climbing more than $1,000 in less than an hour yesterday.
The cryptocurrency's price soared past $7,000 and $8,000 for the first time in more than two weeks in its biggest jump of the year so far, but it edged back to trade between $7,600 and $7,800 for the rest of the day.
However, at the time of writing, bitcoin's price had popped back up, trading 2.65 per cent higher at $8,125.85, according to Coindesk's aggregate index.
Other cryptocurrencies also rode the wave higher.
Ethereum's ether token was trading 5.4 per cent up at $519.07, while bitcoin cash was up 4.17 per cent at $762.98, according to Coindesk.
Litcoin rose just over one per cent to $130.59, and Ripple's XRP climbed 2.62 per cent to $0.64.
Read more: Litecoin is trying to issue debit cards again
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