Bitcoin briefly hits $23,000, remains at highest point since August

Markets • January 21, 2023, 6:25AM EST
UPDATED: January 21, 2023, 6:57AM EST
The Block

Quick Take

  • Bitcoin’s price flirted with $23,000 on Saturday morning ahead of the Lunar New Year holiday in Asia.

Bitcoin's price briefly rose past $23,000 on Saturday morning, settling at its highest point since August ahead of the Lunar New Year celebration in Asia. It was trading at $22,741 at 6 a.m. ET. 

Although some way off all time highs of around $69,000 seen in previous years, the price jump echoed last weekend's rise. 

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The largest cryptocurrency has rallied since the start of the year as a slightly more optimistic macro picture has emerged. 


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About Author

Lucy is an editor focusing on NFTs, gaming and the metaverse. Prior to joining she worked as a freelancer, with bylines in Wired, Newsweek and The Wall Street Journal, among other publications. Follow her on Twitter: @LHM1.

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