November 28, 2018

LONDON (Reuters) – Bitcoin bounced more than 6 percent on Wednesday, climbing above $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 $3,970.04 on the Bitstamp platform -lt;BTC=BTSP-gt;, 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)

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