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Bitcoin rises 5 percent to US$49,106

Bitcoin rises 5 percent to US$49,106

FILE PHOTO: A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration

Bitcoin rose 5.01 per cent to US$49,106.4 at 22:04 GMT on Friday, adding US$2,342.1 to its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is up 77.4per cent from the year's low of US$27,734 on Jan. 4.

Ether, the coin linked to the ethereum blockchain network, rose 3.03per cent to US$3,281.82 on Friday, adding US$96.64 to its previous close.

(Reporting by Radhika Anilkumar in Bengaluru; Editing by Sonya Hepinstall)

Source: Reuters

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