Bitcoin rises above $80,000 for first time

(Reuters) – Bitcoin was trading near record $80,000 on Sunday after hitting it earlier in the session.

Bitcoin, the world’s biggest and best-known cryptocurrency, is up 65.4% from the year’s low of $38,505 it hit on Jan. 23.

(Reporting by Shivani Tanna in Bengaluru; Editing by Tomasz Janowski)