Bitcoin Tops $38,000 For First Time This Year In Hectic Crypto Week

Bitcoin hit a 2023 high in a week that saw problems at Binance and HTX.

Two pairs of hands look at investing numbers on a computer and phone.
(Image credit: Getty Images)

Bitcoin hit a 2023 high at the end of a week that saw chaos at other cryptocurrencies. 

The price of Bitcoin briefly went over $38,000 on Friday, the first time it's done so this year. This is the first time the cryptocurrency saw those numbers since last summer, and it's been rallying since a dip in the back half of 2022. 

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Alexandra Svokos
Senior Digital Editor

Alexandra Svokos is the senior digital editor of Kiplinger. She holds an MBA from NYU Stern in finance and management and a BA in economics and creative writing from Columbia University. Alexandra has a decade of experience in journalism and previously served as the senior editor of digital for ABC News, where she directed daily news coverage across topics through major events of the early 2020s for the network's website, including stock market trends, the remote and return-to-work revolutions, and the national economy. Before that, she pioneered politics and election coverage for Elite Daily and went on to serve as the senior news editor for that group. 

Alexandra was recognized with an "Up & Comer" award at the 2018 Folio: Top Women in Media awards, and she was asked twice by the Nieman Journalism Lab to contribute to their annual journalism predictions feature. She has also been asked to speak on panels and give presentations on the future of media and on business and media, including by the Center for Communication and Twipe.