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Bitcoin rises 6.8 % to $56,852.03

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Representations of virtual currency Bitcoin are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020. REUTERS/Dado Ruvic

May 5 (Reuters) - Bitcoin rose 6.8% to $56,852.03 by 1000 GMT on Wednesday, adding $3,622.23 to its previous close.

However, the world's biggest and best-known cryptocurrency is down 12.4% from the year's high of $64,895.22 on April 14.

Ether , the coin linked to the ethereum blockchain network, rose 5.92% to $3,430 by 1000 GMT on Wednesday, adding $191.58 to its previous close.

Reporting by Derek Francis in Bengaluru Editing by Chris Reese

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