Bitcoin Hits $15K Level For The First Time Since January 2018

Bitcoin was trading at highs of around $15,200 gaining momentum during the U.S. election uncertainty. That's the cryptocurrency's highest since January 2018.

It's still unclear whether President Donald Trump or former Vice President Joe Biden had won the election as the vote count continued. However, Biden appears to be the favorite at publication time.

The last time bitcoin peaked was back in December 2017 when the cryptocurrency traded at around $20,000.

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This year there have been a number of positive factors pushing bitcoin higher, such as the announcement that PayPal PYPL is adding features enabling users to buy and sell cryptocurrencies. Square SQ also made recent announcements adding bitcoin to its holdings.

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PYPLPayPal Holdings Inc

$70.30-0.26%