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Bitcoin surges nearly 8% to $31,780

May 30, 2022 6:33 PM EDT

FILE PHOTO: Souvenir tokens representing cryptocurrency Bitcoin plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) - Bitcoin rose 7.93 % 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% from the year's low of $25,401.05 on May 12.

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

(Reporting by Ann Maria Shibu in Bengaluru; Editing by David Gregorio)



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