Bitcoin rises 5.6% to $49,337.72

Cryptocurrencies command 'Kimchi Premium' in S.Korea due to capital flow controls - BofA
Cryptocurrencies command 'Kimchi Premium' in S.Korea due to capital flow controls - BofA   -   Copyright  (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html   -  
By Reuters

<p><body> <p>(Reuters) – Bitcoin rose 5.63 % to $49,337.72 by 0800 <span class="caps">GMT</span> on Sunday, adding $2,628.83 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency is up 77.9% from the year’s low of $27,734 on Jan. 4, and down 24% from the year’s high of $64,895.22 hit on April 14. Ether, the coin linked to the ethereum blockchain network, rose 6.1 % to $3,868.42 by 0800 <span class="caps">GMT</span> on Sunday, adding $222.41 to its previous close.</p> <p/> <p> (Reporting by Vishal Vivek in Bengaluru; Editing by David Clarke)</p> </body></p>