фото показано с : invezz.com

Despite the turbulent situation in the US as the presidential election is still on-going, this has been very good several days for crypto. So much so, that Bitcoin price managed to go up by over $2,500 in only three days.

The recent crypto rally started on November 3rd, on Election day itself, as votes from around the country started coming in. At the time, BTC price sat below $13.400, but quite soon, it started growing.

The growth was slow at first, but it started speeding up on November 4th and 5th, eventually surging to $14k, past $15k, and it hit $16k only hours ago.

Since then, the price saw a minor correction to $15.5k, only to bounce back up and once again start heading up.

At the time of writing, the BTC price sits at $15,734, with a growth of 10% in the last 24 hours.

Bitcoin has had more than one reason to surge, however. Only recently, the coin saw its first major growth in months after PayPal announced that it will add support for cryptocurrencies in months to come.

As the election approached, crypto-based speculation and bets regarding the presidential race results caused the crypto prediction market to see a massive increase in volume. However, the most recent news that also likely contributed to the current growth was the fact that the US got its first Senator who is an open crypto owner.

Bitcoin is also not the only coin that is seeing a major surge. At the time of writing, Ethereum is also 7.68% higher than yesterday, partially due to its price following BTC, and in part due to the upcoming launch of Ethereum 2.0.

Even XRP is growing by 5.74%, although it is not the largest gainer in the top 10 cryptos. That honor actually goes to Litecoin (LTC), which is currently up by 10.97%, with a price of $61.34.

The post Bitcoin (BTC) surges near $16k as US elections drag out appeared first on Invezz.

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