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Bitcoin rises 5.2% to $36,448

Cryptocurrencies show inflows after record outflows in previous two weeks - CoinShares
Cryptocurrencies show inflows after record outflows in previous two weeks - CoinShares   -   Copyright  Thomson Reuters 2021
By Reuters

– Bitcoin rose 5.24% to $36,447.68 at 12:00 GMT on Sunday, adding $1,815.60 to its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is up 31.4% from the year’s low of $27,734 on Jan. 4.

Ether, the coin linked to the ethereum blockchain network, rose 8.25 % to $2,467.58 on Sunday, adding $187.99 to its previous close.

Bitcoin has been less volatile in the past week but is down by 32% this month, weighed by growing regulatory pressures on the sector.

It is currently trading at levels last seen in January and at roughly half its peak value.