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Bitcoin rises back above US$50,000

Bitcoin rises back above US$50,000

A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, 2021. (Photo: REUTERS/Dado Ruvic)

Bitcoin rose 0.49 per cent to US$50,188.4 at 1004 GMT on Sunday, adding US$245.24 to its previous close.

The world's biggest and best-known cryptocurrency is up 81per cent from this year's low of US$27,734 on Jan 4.

Ether, the coin linked to the ethereum blockchain network, rose 1.16 per cent to US$3,932.07 on Sunday, adding US$44.97 to its previous close.

Source: Reuters

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