Bitcoin finally did it and it’s trading at $15,100 on several major exchanges. The digital asset hasn’t been trading above this level since January 2018 and seems to be facing very little resistance until $20,000.
Although many investors were worried about the uncertainty of the current US presidential elections, it seems that Bitcoin and the crypto market are simply ignoring it and surging higher. The total market capitalization has increased by $27 billion in the past 24 hours and it’s gaining even more momentum.
Bitcoin also broke some of its correlation with the stock market even though it is also surging in the past 48 hours.