Bitcoin price: Bitcoin rises 5% to trade above $49,000, Ether gains 3%

Synopsis

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

Ether, the coin linked to the ethereum blockchain network, rose 3.03% to $3,281.82 on Friday, adding $96.64 to its previous close. (Representative image)

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Bitcoin rose 5.01 % to $49,106.4 at 22:04 GMT on Friday, adding $2,342.1 to its previous close.

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

Ether, the coin linked to the ethereum blockchain network, rose 3.03% to $3,281.82 on Friday, adding $96.64 to its previous close.

Did you Know?

In I-T parlance, taxation on cryptocurrencies should depend on the nature of investment – whether it is held in the form of currency or in the form of assets. Know the tax implications of investing in cryptos

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Source

Updated: 08/21/2021 — 04:00