Bitcoin Sets New 2020 Record Surpassing $14,100: Highest Price Since Jan-2018

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• This present day has been nothing in need of thrilling for the cryptocurrency markets. The truth is, it has been a wild trip for all markets, and that’s to be anticipated – in any case, the 2020 US Presidential Elections are presently happening.

• Because the officers are counting the final ballots in a number of states, the scenario is especially dense, and markets are relatively jittery and riddled with uncertainty. At this level, it has develop into relatively clear that the vote may go both method.

• Bitcoin, nonetheless, is on a gentle method up, and evidently there’s nothing holding it again. After a tumultuous day of buying and selling, the cryptocurrency has simply painted a recent excessive for 2020, presently sitting at costs that we final noticed in early January 2018.

• On the time of this writing, Bitcoin is buying and selling barely above $14,150, having reached an intraday excessive of $14,230 on Bitstamp.

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BTC/USD on Bitstamp. Supply: TradingView

• As CryptoPotato reported earlier at present, the cryptocurrency tapped above $14,000 in anticipation of the voting outcomes.

• Nonetheless, ever since then, it was all downhill for BTC, touching an intraday low of round $13,520.

• And that is when issues took a flip for the higher. Prior to now few hours, the worth has been growing steadily to interrupt the earlier 2020 excessive.

• In the meantime, we’ve but to see the ultimate outcomes of the US Presidential Elections. Presently, nonetheless, betters are favoring Joe Biden over Donald Trump closely.

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