Bitcoin gains 6 percent as it heads for best day since July

Bitcoin gains 6 percent as it heads for best day since July

Bitcoin bounced more than 6 percent on Wednesday, climbing above US$4,000 and heading for its biggest daily jump since July as it clawed back ground after recent heavy selling.

FILE PHOTO: A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustr
A collection of Bitcoin tokens. (Photo: REUTERS/Benoit Tessier)

LONDON: Bitcoin bounced more than 6 percent on Wednesday, climbing above US$4,000 and heading for its biggest daily jump since July as it clawed back ground after recent heavy selling.

The world's biggest cryptocurrency was last as US$3,970.04 on the Bitstamp platform, after being mauled in a broad sell-off in cryptocurrencies over the last two weeks. It has lost more than 70 percent of its value this year.

(Reporting by Tom Wilson; Editing by Saikat Chatterjee)

Source: Reuters

Bookmark