Bitcoin was trading at highs of around $15,200 gaining momentum during the U.S. election uncertainty. That's the cryptocurrency's highest since January 2018.
It's still unclear whether President Donald Trump or former Vice President Joe Biden had won the election as the vote count continued. However, Biden appears to be the favorite at publication time.
The last time bitcoin peaked was back in December 2017 when the cryptocurrency traded at around $20,000.
This year there have been a number of positive factors pushing bitcoin higher, such as the announcement that PayPal (PYPL) is adding features enabling users to buy and sell cryptocurrencies. Square (SQ) also made recent announcements adding bitcoin to its holdings.
Comments
Log in or sign up to join the conversation.