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Bitcoin rises 5% to $49,106

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Bitcoin rose sharply by 5.01 per cent to US$49,106.4 at 22:04 GMT on Friday, adding US$2,342.1 to its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is up 77.4per cent from the year’s low of US$27,734 on Jan. 4, Reuters reports

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