Bitcoin Surges Nearly 8 Percent to $31,780

Bitcoin Surges Nearly 8 Percent to $31,780
Souvenir tokens representing cryptocurrency Bitcoin plunge into water, on May 17, 2022. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

Bitcoin rose 7.93  percent to $31,780.51 at 2200 GMT on Monday, up $2,334.8 from its previous close.

The world’s biggest and best-known cryptocurrency is up 25.1 percent from the year’s low of $25,401.05 on May 12.

Ether, the coin linked to the ethereum blockchain network, rose 9.8  percent to $1,989.38 on Monday, adding $177.54 to its previous close.