BUSINESS

Bitcoin increases 5.1% to $28,211.

Representations of cryptocurrency Bitcoin are placed on a PC motherboard in this illustration taken June 16, 2023. REUTERS/Dado Ruvic/Illustration

Bitcoin’s price increased by 5.1% on Tuesday, reaching $28,211 at 20:49 GMT, an increase of $1,369 from its previous close.

Bitcoin, the world’s largest and most well-known cryptocurrency, has seen its value increase by 71% since hitting a low of $16,496 on January 1.

On Tuesday, the price of ether, the cryptocurrency tied to the Ethereum blockchain network, increased by 2.98% to reach $1,788.6, adding $51.8 to its previous closing price.

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