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New Year, new rally: Why bitcoin is up 26% this month after a tumultuous 2022

New Year, new rally: Why bitcoin is up 26% this month after a tumultuous 2022

A number of factors are behind bitcoin’s New Year rise, according to analysts, including an increased probability of interest rates being lowered and purchases by large buyers known as “whales.”

Filip Radwanski | Sopa Images | Lightrocket | Getty Images

Bitcoin has begun 2023 on a positive note, with the price of the world’s largest digital token up roughly 26% since the start of January.

On Saturday, bitcoin’s price rose above $21,000 per coin…


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