Bitcoin Hits Its Highest Level in a Year

"Bitcoin on Friday shot up to its highest level in about a year," reports CNN:The cryptocurrency rose above $31,400 a coin on Friday, its highest level since 2022, before paring back its gains. Bitcoin, the world's largest cryptocurrency by market capitalization, earlier this week traded above $30,000 for the first time since April, when the collapses of Silicon Valley Bank and Signature Bank sent investors in search of safer places to hold their cash.
Bitcoin is up by about 87% this year. Its m