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$14.1K: Bitcoin Breaks New 2020 High With US Election Still Undecided
Bitcoin has broken fresh 2020 highs as uncertainty remains in the U.S. presidential election.
Updated Sep 14, 2021, 10:27 a.m. Published Nov 4, 2020, 5:31 p.m.
Bitcoin has broken fresh 2020 highs as uncertainty remains in the U.S. presidential election.
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- At around noon ET (17:00 UTC), the world's oldest and most valuable cryptocurrency broke the $14,100 resistance level that had proved difficult to scale for the bulls four days prior on Oct. 31.
- As of this writing, bitcoin (BTC) was changing hands at around $14,166.25 after rebounding from Nov. 2 lows, near former resistance now confirmed as support at around $13,250.
- Over the past 24 hours, bitcoin has ranged between $13,545 and $14,223, according to CoinDesk 20 data.
- The difference in bitcoin's price action compared to four years ago has been relatively small. Bitcoin’s price failed to react immediately after the 2016 election, rising a scant 1.8% in the 24-hour trading period. However, it is worth noting that roughly a year later, bitcoin climbed to its all-time highs above $19,660.
COMMENTARY: CoinDesk Covers the 2020 US Election and Crypto Impact
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- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
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Eric Trump's American Bitcoin and Anthony Pompliano's ProCap Add to BTC Holdings
The shares of both bitcoin-related firms are posting modest early gains Wednesday, but remain sharply lower over the past several days.
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- American Bitcoin (ABTC) added 416 bitcoin in the past week, raising its holdings to 4,783 coins.
- ProCap Financial (BRR) — whose SPAC merger was completed last week — marginally lifted its holdings to 5,000 bitcoin.
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