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Bitcoin up 10 percent, on course for its biggest daily rise since April

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Reuters LONDON

LONDON (Reuters) - Bitcoin rallied 10 percent on Wednesday to more than $4,100, putting it on course for its biggest daily rise since mid-April as it pulled itself out of a recent slump.

The world's biggest and best-known cryptocurrency hit a daily high of $4,157, its strongest in four days on the Bitstamp exchange. Other cryptocurrencies also rose.

Bitcoin has lost more than a third of its value in the last two weeks amid heavy selling pressure.

(Reporting by Tommy Reggiori Wilkes; Editing by Saikat Chatterjee)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Nov 28 2018 | 6:42 PM IST

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