7/12/2017, 6:41 PM (Source: TeleTrader)
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Bitcoin rises almost 4%, nears $2,400

Bitcoin rose nearly 4% on Wednesday to climb back above $2,300 after a correction a day earlier saw the cryptocurrency fall below $2,200 for the first time since June 15.

Investors eyed the possibility of the introduction of the modification to the Bitcoin code, the so-called fork, in order to address the need to scale the blockchain network. In case Bitcoin developers opt for a soft fork called SegWit, the code would only be slightly modified. However, if the option of a hard fork is chosen, the code would be split.

Meanwhile, digital currency broker Bitpanda announced it has partnered with the Austrian Post to enable the purchase of Bitcoin, as well as several other cryptocurrencies, in over 1,800 post offices across Austria.

Bitcoin jumped 3.88% to go for 2,372.30 against the dollar. The most widespread digital currency added 3.96% compared to the euro to go for 2,099.1530, and it gained 2.21% against the yen to sell for 16,813.99.

Baha Breaking News (BBN) / NP