Bitcoin Reaches 2020 Highs Again, Climbing Above $ 14,200
Bitcoin price surpassed $ 14,200 this Wednesday, marking a new local high.The cryptocurrency hit between $ 14,260 and $ 14,280 tonight in most major markets, according to TradingView. The growth of the exchange rate over the past day was about 3%. This is the third attempt by Bitcoin to overcome the key resistance at current levels in recent days. On November 2, the cryptocurrency rolled back to the level of $ 13,300, where previously there was resistance, now acting as a support.
The rise of bitcoin comes amid ongoing vote counting in the US presidential election. Equity markets also showed a positive reaction, with the Nasdaq up 4.5% and the Dow Jones Industrial Average up 2.75%. Gold is down three quarters of a percent.
Also noteworthy is the behavior of the Ethereum market. Following today's announcement of the launch of the Ethereum 2.0 deposit contract, the price of the cryptocurrency jumped 5% and surpassed the $ 400 level. In general, the altcoin segment has seen near-zero changes, and some of the largest DeFi tokens continue to adjust. Uniswap (UNI) lost 5.3% in value to below $ 2, while yearn.finance (YFI) is trading around $ 8,800. Over the past week, it fell 35%..
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