Bitcoin has surged over 8% this week, coming within a few dollars of its record high on Tuesday. The original cryptocurrency pushed past $73,000 before paring gains on Wednesday as the crypto industry prices in a win for Republican presidential candidate Donald Trump.
Crypto bulls predict Bitcoin will reach a new all-time high, previously set in March, within the days leading up the election. After rising over $2,000 within a few hours, the price of Bitcoin fell slightly and continues to oscillate between $71,000 and $73,000. The currency has grown 12% throughout “Uptober”—a nickname coined for Bitcoin's historically lucrative month.
