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Reuters
Reuters
Business

Bitcoin extends gains after PayPal move to accept cryptocurrencies

FILE PHOTO: Representations of virtual currency Bitcoin are seen in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic

Bitcoin extended its gains on Wednesday after PayPal Holdings Inc said it will allow customers to buy, sell and hold cryptocurrencies.

It was last up 3.2% at $12,305, just below its highest this year.

(Reporting by Anna Irrera; Editing by Tom Wilson)

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