Investing.com — Bitcoin traded flat on Thursday after a stellar run-up to near-record highs this week, with traders now waiting more cues on the U.S. economy and the presidential elections.
The world’s biggest cryptocurrency led a rally across crypto markets this week amid increased bets on a Donald Trump presidency, which could herald friendlier crypto regulations in the coming years.
remained little changed at $71,855.0 by 09:40 ET (13:40 GMT).
Bitcoin near record highs with elections in focus
The world’s biggest crypto was now trading less than $2,000 away from a record high of $73,798. Bitcoin had hit the peak in March, and had traded largely rangebound ever
since, until October.
The token was trading up nearly 80% so far this year with its gains in October. Recent gains were driven chiefly by increased speculation over a Trump victory, as online prediction markets put him well ahead of Vice President Kamala Harris.
Recent…
Read More