Adding to the optimism is a pledge this week from Vice President Kamala Harris to support a regulatory framework for cryptocurrencies. The acknowledgment follows years of complaints from the crypto sector that US officials have chosen a path of regulation through enforcement rather than by providing clarity. Former President Donald Trump has actively sought crypto voters during the current presidential race versus Harris and has several ongoing crypto-related endeavors.
Bitcoin bulls are optimistic about reclaiming record highs as global liquidity rises and US elections approach.
Bitcoin bulls are setting their sights again on the record highs reached in March with optimism building around riskier assets and the looming US elections.
The original cryptocurrency gained as much as 2.9% to $68,376 on Wednesday before paring the increase to trade around $67,800. Bitcoin last traded at $70,000 in July, and reached an all-time high of almost $74,000 in March.
