Bitcoin surges back above $50,000

Bitcoin rose 0.49% to $50,188.4 at 1004 GMT on Sunday, adding $245.24 to its previous close.

The world’s largest and best-known cryptocurrency is up 81% from its January 4 low of $27,734 this year.

Ether, the coin tied to the Ethereum blockchain network, rose 1.16% to $3,932.07 on Sunday, adding $44.97 to its previous close.

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