Bitcoin rises 7.1% to $55,163

A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken June 14, 2021. REUTERS/Edgar Su/IllustrationOct 6 (Reuters) – Bitcoin rose 7.11% to $55,162.92 at 20:01 GMT on Wednesday, adding $3,661.73 to its previous close.Bitcoin , the world’s biggest and best-known cryptocurrency, is up 98.9% from the year’s low of $27,734 on Jan. 4.Ether , the coin linked to the ethereum blockchain network, rose 2.15% to $3,591.72 on Wednesday, adding $75.63 to its previous close.Reporting by Mrinmay Dey in BengaluruOur Standards: The Thomson Reuters Trust Principles.