The price of the cryptocurrency bitcoin has risen to $48,451

The price of the cryptocurrency bitcoin has risen 3.1% since 5 p.m. Friday to $48,451 at 10 a.m. Saturday in New York, according to data compiled by Bloomberg News today.

Bitcoin prices have fluctuated by an average of 4.3%, trading between $46,805 and $48,799, and are now 25% off the high of $64,870 it reached on April 14.

Bitcoin added 7.2% to its value last week and is up 67% so far this year.

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