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Bitcoin rises 5 percent to $49,106

Representation of cryptocurrency Bitcoin is seen in this illustration

(Reuters) - 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.

(Reporting by Radhika Anilkumar in Bengaluru; Editing by Sonya Hepinstall)

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