Bitcoin rises to new high for the year above $38,000

(CNBC) Crypto prices have recovered from a big dip with bitcoin hitting a new high for 2023 last Friday. Bitcoin was last higher by 1.42% at $37,862.76 for the first time since May 2022, according to Coin Metrics. Coin Metrics measures a week in crypto, which trades 24 hours a day, from 4:00 p.m. ET on a given Friday to the same time the following Friday.

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