bitcoin: Bitcoin up 9%, hits $4,000 for first time in two weeks

Bitcoin rallied more than 9 per cent on Thursday, hitting $4,000 for the first time in more than two weeks after losing half its value in six weeks to mid-December.

The world’s most valuable cryptocurrency has been hit hard this year, falling around 80 per cent from a record high last December on concerns of increased regulatory scrutiny.

On Thursday, Bitcoin gained as much as 9 per cent at $4,030.15, its highest since December 4, before retreating slightly.

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