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Bitcoin rises 4.2% to $50,947.94

FILE PHOTO: A collection of bitcoin (virtual currency) tokens are displayed in this picture illustration taken Dec. 8, 2017. REUTERS/Benoit Tessier/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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