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The cryptocurrency rose 7% to $ 14,984 this Thursday in New York.
Bitcoin rose 7% to $ 14,984 this Thursday morning in New York and therefore hit its highest level since January 2018, Bloomberg reports.
Additionally, the cryptocurrency’s value has risen more than 10% since the US presidential election day on Nov.3, according to Reuters.
The digital currency has benefited from high-risk investments from companies such as Square Inc. and Paul Tudor Jones. For its part, the PayPal Holdings company, which operates an online payment system, has announced that it will allow purchases with cryptocurrencies on its platform.
According to experts, bitcoin can be an element of diversification in times of uncertainty, so events like closures in Europe or delays in US election results could drive appreciation.
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