Investing.com– Bitcoin’s price rose on Wednesday, steadying close to a near 3-month high on hopes that the 2024 U.S. elections will yield friendlier regulations, while improving capital inflows also boosted prices.
The world’s biggest cryptocurrency appeared to have broken out of a $50,000 to $65,000 trading range seen through most of the year, and was now about $7000 away from making new record highs.
Sentiment was also boosted earlier this week by defunct exchange Mt Gox extending its timeline for returning stolen tokens to creditors.
rose 3% to $67,845.0 by 08:53 ET (12:53 GMT).
Bitcoin buoyed by US regulatory hopes
Sentiment towards crypto improved this week after Democratic presidential candidate Kamala Harris pledged to form a definite regulatory framework for crypto, although she did not elaborate on the details.
