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Bitcoin surges 8.82% to $40,611

A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su

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Feb 4 (Reuters) – Bitcoin surged 8.82% to $40,611.4 at 2202 GMT on Friday, adding $3,291.29 to its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, is up 23.2% from the year’s low of $32,950.72 on Jan. 24.

Ether , the coin linked to the ethereum blockchain network, rose 9.53% to $2,954.68 on Friday, adding $257.12 to its previous close.

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Reporting by Rachna Dhanrajani in Bengaluru

Our Standards: The Thomson Reuters Trust Principles.

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