Bitcoin doubles for 2023, tops $35,000

The price of bitcoin briefly topped $35,000 for the first time since May 2022, bolstered by positive sentiment about a bitcoin exchange-traded fund and a flight to safety that led to a spike in short liquidations.

On Tuesday bitcoin was up by more than 9% at $34,349.55, according to Coin Metrics. Late Monday night it rose as high as $35,113.29, its highest level since May 8,…