Cryptos: Bitcoin surges 10%, on track for best day in 4 months

Digital currency prices shot higher on Wednesday, with most major coins showing double-digital gains in early afternoon trading.

Bitcoin, BTCUSD, +11.72% the No. 1 digital currency, was trading at $4,436.41, up 11.4% since Tuesday at 5 p.m. Eastern Time on the Kraken exchange and on track for its best day in four months.

After a rough November so far, bitcoin found some support over the past 48 hours and is attempting to carve out a base around the $3,500 – $4,000 level.

“It is worth paying attention to the market behavior near $3,500. This is an area that saw drastic increase back in September 2017, so technical analysis urges us to track the price dynamics near these levels,” wrote Alexander Kuptsikevich, markets analyst at FX Pro Insights.

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