Bitcoin rises 5.6% to $49,337.72

(Reuters) — Bitcoin rose 5.63 % to $49,337.72 by 0800 GMT on Sunday, adding $2,628.83 to its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency is up 77.9% from the year’s low of $27,734 on Jan. 4, and down 24% from the year’s high of $64,895.22 hit on April 14.

Ether, the coin linked to the ethereum blockchain network, rose 6.1 % to $3,868.42 by 0800 GMT on Sunday, adding $222.41 to its previous close.

Representations of virtual currency Bitcoin are placed on U.S. dollar banknotes in this illustration taken on May 26, 2020.REUTERS

Representations of virtual currency Bitcoin are placed on U.S. dollar banknotes in this illustration taken on May 26, 2020.

REUTERS

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