Bitcoin rises 5.1% at $28,211

Illustration shows representations of cryptocurrency Bitcoin

(Reuters) – Bitcoin rose 5.1% to $28,211 at 20:49 GMT on Tuesday, adding $1,369 to its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is up 71% from the year’s low of $16,496 on Jan. 1.

Ether, the coin linked to the ethereum blockchain network, rose 2.98% to $1,788.6 on Tuesday, adding $51.8 to its previous close.

(Reporting by Nilutpal Timsina in Bengaluru; Editing by Chris Reese)

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