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Bitcoin rises 8.5 percent to $36,265

FILE PHOTO: Representations of the virtual currency Bitcoin stand on a motherboard in this picture illustration

(Reuters) - Bitcoin surged 8.54 % to $36,265 on Wednesday, adding $2,853.31 to its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is up 30.8% from the year's low of $27,734 on Jan. 4.

Ether, the coin linked to the ethereum blockchain network, rose 2.29 % to $2,566.4 on Wednesday, adding $57.55 to its previous close.

(Reporting by Aishwarya Nair in Bengaluru; Editing by Leslie Adler)

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