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Bitcoin surges 5.56% to $27,171, Ether rises 4.72% on Tuesday

Illustrative souvenir tokens of Bitcoin are seen plunging into water in this image captured on May 17, 2022. As of 19:57 GMT on Tuesday, Bitcoin has gained 5.56% to reach $27,171, which is $1,432 more than its previous closing price. The world's largest and most well-known cryptocurrency has risen by 64.7% from its low of $16,496 on January 1. Meanwhile, Ether, the coin associated with the Ethereum blockchain network, has increased by 4.72% to $1,896.1, adding $85.4 to its previous closing price.

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