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Bitcoin’s bull run kicked into high gear and reached heights not seen since its December 2017 peak, as U.S. election anxiety and uncertainty lingered throughout the week. Bitcoin soared past $15,000 Thursday and neared $16,000, booking gains of about 20% for the week. Its price has quadrupled since its low point in mid-March.
Analysts say bitcoin is now aiming for its all-time high around $20,000, and no clear resistance level is blocking its path now. The buying spree extended to other major cryptocurrencies, with XRP, litecoin and ether all surging higher too.
“Regardless of the result of the election,” Bitfinex chief technology officer Paolo