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Bitcoin rises 7.15% to $70,900

FILE PHOTO: Illustration shows representations of cryptocurrency Bitcoin

(Reuters) - Bitcoin rose 7.15% to $70,900 at 2010 GMT on Monday.

(This story has been corrected to say bitcoin rose 7.15%, not 11.63%, in the headline and story)

(Reporting by Nilutpal Timsina in Bengaluru)