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

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

    Author: George Georgiev

    Last Updated Nov 4, 2020 @ 17:18

    As excitement in the US builds up in anticipation of the last few states where ballot counting is still ongoing, BTC has just surpassed its previous 2020 high.

    • This day has been nothing short of exciting for the cryptocurrency markets. In fact, it has been a wild ride for all markets, and that’s to be expected – after all, the 2020 US Presidential Elections are currently taking place.

    • As the officials are counting the last ballots in a few states, the situation is particularly dense, and markets are rather jittery and riddled with uncertainty. At this point, it has become rather clear that the vote could go either way.

    • Bitcoin, however, is on a steady way up, and it seems that there’s nothing holding it back. After a tumultuous day of trading, the cryptocurrency has just painted a fresh high for 2020, currently sitting at prices that we last saw in early January 2018.

    • At the time of this writing, Bitcoin is trading slightly above $14,150, having reached an intraday high of $14,230 on Bitstamp.

    btcusd_chart
    BTC/USD on Bitstamp. Source: TradingView

    • As CryptoPotato reported earlier today, the cryptocurrency tapped above $14,000 in anticipation of the voting results.

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

    • And this is when things took a turn for the better. In the past few hours, the price has been increasing steadily to break the previous 2020 high.

    • Meanwhile, we have yet to see the final results of the US Presidential Elections. Currently, however, betters are favoring Joe Biden over Donald Trump heavily.

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    Read more on: Bitcoin Bitcoin (BTC) Price United States

    About The Author

    George Georgiev View more posts by this author

    Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over two years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

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