Bitcoin extends gains after PayPal move to accept cryptocurrencies

It was last up 3.2%

  
The Bitcoin logo is seen on a pillow on display at the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. Image used for illustrative purpose

The Bitcoin logo is seen on a pillow on display at the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. Image used for illustrative purpose

REUTERS/Mike Segar

LONDON- 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) ((T.Wilson@thomsonreuters.com; 44-20-7542-4531; Reuters Messaging: t.wilson.thomsonreuters.com@reuters.net))

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