Bitcoin rises 5.19% to $28,380

FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic/File Photo/File Photo

(Reuters) - Bitcoin rose 5.19% to $28,380 at 20:01 GMT on Sunday, adding $1,400 to its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is up 72% from the year's low of $16,496 on Jan. 1.

Ether, the coin linked to the ethereum blockchain network, rose 3.58% to $1,827.2 on Sunday, adding $63.1 to its previous close.

(Reporting by Urvi Dugar in Bengaluru; Editing by Chris Reese)