Bitcoin is having another moment. The world's largest cryptocurrency soared to almost $35,000 this week, marking its highest point in nearly 18 months — and more than double the price seen at the start of 2023.
The cryptocurrency rocketed from just over $5,000 each during the start of the pandemic to nearly $68,000 in November 2021, according to FactSet, during an era of massive tech growth. Prices came back down to earth during an aggressive series of rate hikes from the Federal Reserve as it battled inflation, and then the collapse of one of the biggest companies in crypto, FTX.
