Bitcoin rises 5 percent to $49,106

Business

Bitcoin rose 5.01 per cent to US$49,106.4 at 22:04 GMT on Friday, adding US$2,342.1 to its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is up 77.4per cent from the year’s low of US$27,734 on Jan. 4.

Ether, the coin linked to the ethereum blockchain network, rose 3.03per cent to US$3,281.82 on Friday, adding US$96.64 to its previous close.