Bitcoin rises 4.2% to $50,947.94


FILE PHOTO: Representation of the virtual currency Bitcoin is seen on a motherboard in this picture illustration taken April 24, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Bitcoin rose 4.18 % to $50,947.94 on Sunday, adding $2,043.31 to its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is up 83.7% from the year's low of $27,734 on Jan. 4. The currency's peak this year was $58,354.14 on Feb. 21.

(Reporting by Ismail Shakil in Bengaluru; Editing by David Goodman)

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