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Bitcoin rises 5.6% to $21,044

FILE PHOTO: Bitcoin are seen in this illustration picture

(Reuters) - Bitcoin rose 5.58% to $21,044 at 2344 GMT on Saturday, adding $1,113 to its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is up 27.6% from the year's low of $16,496 on Jan 1.

Ether, the coin linked to the ethereum blockchain network, surged 7% to $1,552.6 on Saturday, adding $101.6 to its previous close.

(Reporting by Maria Ponnezhath in Bengaluru, editing by Deepa Babington)