Bitcoin rises 5.6% to $49,337.72

Washington: Bitcoin rose 5.63 per cent 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 per cent from the year's low of $27,734 on Jan. 4, and down 24 per cent from the year's high of $64,895.22 hit on April 14, Reuters reported.

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