Bitcoin leaps 12% to six-week high

FILE PHOTO: Representation of cryptocurrency Bitcoin is placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration

SINGAPORE (Reuters) - Cryptocurrencies jumped on Monday, sending bitcoin as much as 12.5% higher to its strongest since mid-June.

Bitcoin was last up 7.3% at $37,983 and rival cryptocurrency ether rose 4.5% to stand at a three-week high of $2,290.