Bitcoin leaps 12% to six-week high

FILE PHOTO: A representation of virtual currency bitcoin is seen in front of a stock graph in this illustration taken November 19, 2020. REUTERS/Dado Ruvic/Illustration

SINGAPORE (Reuters) – Cryptocurrencies jumped on Monday, sending bitcoin as much as 12.5% higher to its strongest since mid-June.

Bitcoin was last up 7.3% at $37,983 and rival cryptocurrency ether rose 4.5% to stand at a three-week high of $2,290.

Reporting by Tom Westbrook; Editing by Christopher Cushing