BloombergBitcoin rose above US$14,000 (HK$15,092) as investors grappled with an uncertain election outcome in the United States. The world’s largest cryptocurrency rallied as much as 3.8 percent to US$14,265 yesterday, its highest level since January 2018. Many crypto fans pointed to precariousness around the US presidential race, which is hanging in the balance for a second day. PayPal's October decision to allow customers to access cryptocurrencies led the coin to spike above U$13,000 for the first time in over a year. And Fidelity Investments launched a Bitcoin fund over the summer.

Source: The Standard November 05, 2020 07:47 UTC