After seeing its value plummet 65% last year, Bitcoin has turned it around so far in 2023, jumping above the $23,000 mark briefly over the weekend for the first time since last August.
The world’s most popular cryptocurrency had traded consistently below $20,000 for most of January—a stark difference from how it started off 2022 at around $47,000—but the weekend rally is giving investors hope that the coin has reached its bottom. Year to date, the crypto token is up about 39%.
