The leading cryptocurrency climbed to $73,563.63 at the end of the trading day on U.S. exchanges.
Bitcoin reached nearly $73,000, nearing a record high, amid the upcoming US presidential election.
The leading cryptocurrency climbed to $73,563.63 at the end of the trading day on U.S. exchanges. This price is very close to bitcoin's record high of $73,797.98 in March this year, reports AFP.
The surge in bitcoin price is seen as a bet on a Republican victory as Donald Trump presents himself as a pro-cryptocurrency candidate.
"The price of bitcoin follows Trump's position closely in the polls, as a Republican victory would lead to an increase in demand for the currency," said Russ Mold, an analyst at AJ Bell.
During his presidency, Trump called cryptocurrencies a scam, but then radically changed his position, portraying himself as a "pro-crypto president" if elected. The Republican even launched his own crypto platform.
In view of the uncertainty associated with the very tense US election, gold (used as a haven from inflation - ed.) also reached a record high of $2787.07.
Oil prices recovered slightly after their sharp fall at the start of the week as fears of escalation in the Middle East eased following Israel's strikes on Iran that avoided the country's energy infrastructure. | BGNES
