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

Bitcoin jumped more than 6 per cent on Wednesday, rising above $4,000 and heading for its biggest daily jump since July as it clawed background following the recent heavy trading.

On the Bitstamp platform, the world’s biggest cryptocurrency was last as $3,970.04 after being mauled in a broad sell-off in cryptocurrencies over the last two weeks.

The Bitcoin has lost more than 70 per cent of its value this year.