Bitcoin has broken past the $73,800 mark for the first time since March 13, as the battle to become the next United States president rages on.
Bitcoin hit a new all-time high above $73,800 on Nov. 6 as traders tensely await the result of the US presidential election.
At the start of the New York open, Bitcoin initially showed strength, rallying in excess of 3% to hit an intra-day high at $70,577 as “US presidential elections-related volatility” spiked in the crypto market.
For the bulk of 2024, traders have expressed positive views regarding Bitcon’s price potential if Republican presidential candidate Donald Trump won the election, and throughout the year, the Republican and Democratic candidates have evolved their policy views on regulation within the cryptocurrency industry.
