Bitcoin rises 7.15% to $70,900

FILE PHOTO: Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo

(Reuters) - Bitcoin rose 7.15% to $70,900 at 2010 GMT on Monday.

(This story has been corrected to say bitcoin rose 7.15%, not 11.63%, in the headline and story)

(Reporting by Nilutpal Timsina in Bengaluru)