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