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

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Sparks glow from broken Bitcoin (virtual currency) coins in this illustration picture, December 8, 2017. Picture taken December 8. REUTERS/Dado Ruvic/Illustration

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.

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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

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