- Joined
- Jun 28, 2020
- Messages
- 6,868
- Reaction score
- 742
- Points
- 212
- Awards
- 2
Bitcoin rose to $ 14,600, peaking since January 2018, amid rising stock markets and the yet-to-be-announced US presidential election.
Over the past month, the price of bitcoin has grown by 38% and today has reached $ 14,600, showing an increase of more than 6% over the past day.
Yesterday, it plunged from $ 14,000 to $ 13,520 during trading on Asian bourses after Donald Trump's victory in Florida and other key states potentially diminished the chances of a larger fiscal stimulus package promised by Democratic candidate Joe Biden. However, the rate quickly recovered and the cryptocurrency resumed its growth.
"We don't yet know what the post-election fiscal stimulus will be, but investors still believe the Fed will restart the printing press, which will play into the hands of bitcoin, whose supply is limited," said GSR trader John Kramer. ).
Over the past month, the price of bitcoin has grown by 38% and today has reached $ 14,600, showing an increase of more than 6% over the past day.
Yesterday, it plunged from $ 14,000 to $ 13,520 during trading on Asian bourses after Donald Trump's victory in Florida and other key states potentially diminished the chances of a larger fiscal stimulus package promised by Democratic candidate Joe Biden. However, the rate quickly recovered and the cryptocurrency resumed its growth.
"We don't yet know what the post-election fiscal stimulus will be, but investors still believe the Fed will restart the printing press, which will play into the hands of bitcoin, whose supply is limited," said GSR trader John Kramer. ).