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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Bitcoin Rises Back Above $50,000

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

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

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

Ether, the coin linked to the ethereum blockchain network, rose 1.16% to $3,932.07 on Sunday, adding $44.97 to its previous close, Reuters reported.

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