Bitcoin Rises Back Above $50,000

Business

September 5th, 10:47am

Asharq Al-Awsat

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.

from Asharq AL-awsat https://english.aawsat.com/home/article/3171961/bitcoin-rises-back-above-50000