Bitcoin rises 2.1% to reclaim $50,000

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Representation of cryptocurrency bitcoin is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration

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Dec 12 (Reuters) - Bitcoin rose on Sunday to reclaim levels above $50,000.

The world's biggest and best-known cryptocurrency gained 2.11% to $50,445.34 at 1803 GMT on Sunday, adding $1,044.80 to its previous close.

Bitcoin is up 81.9% from the year's low of $27,734 on Jan. 4.

Ether , the coin linked to the ethereum blockchain network, rose 0.26% to $4,100 on Sunday, adding $10.78 to its previous close.

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Reporting by Anirudh Saligrama in Bengaluru; Editing by Lisa Shumaker

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