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Bitcoin rises 5 p.c to $ 49,106

© Reuters. A representation of the cryptocurrency Bitcoin can be seen in this illustration from August 6, 2021. REUTERS / Dado Ruvic / Illustration

(Reuters) – At 10:04 PM GMT on Friday, it was up 5.01% to $ 49,106.4, up $ 2,342.1 from its previous closing price.

Bitcoin, the world's largest and best-known cryptocurrency, is up 77.4% from its annual low of $ 27,734 on Jan. 4.

Ether, the coin connected to the Ethereum blockchain network, rose 3.03% to $ 3,281.82 on Friday, up $ 96.64 from its previous closing price.

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