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Bitcoin climbs above $20,000 first time in over two months

FILE PHOTO: A representation of bitcoin is seen in an illustration picture

(Reuters) -Bitcoin rose on Saturday above $20,000 for first time in over two months.

Bitcoin, the world's biggest and best-known cryptocurrency, rose 4.6% to $20,853 at 01:01 GMT on Saturday, adding $922 to its previous close.

The cryptocurrency is up 26.4% from the year's low of $16,496 on January 1.

Ether, the coin linked to the ethereum blockchain network, rose 5.91 % to $1,536.9 on Saturday, adding $85.90 to its previous close.

(Reporting by Siddharth Jindal and Maria Ponnezhath in BengaluruEditing by Chris Reese and Cynthia Osterman)