Bitcoin Price Surges to $15.227 Per Coin Ahead of Joe Biden Likely Presidency

Demand for Bitcoin rose to a record-high across exchanges as traders and investors expect a Joe Biden president to push for stimulus and speed up the recovery process.

Bitcoin rose by 9.45 percent to a new record of $15.227 per coin on Thursday with total volume traded rising to $36,121,118,900 or 2,372,098 BTC.

The coin market capitalisation rose to $282.237 billion with 18,534,700 BTC in circulation.

Other coins like Ethereum responded positively as it gained 8.35 percent to $415.55 a coin with Ethereum market capitalisation rising to $47.082 billion and 35,285,678 ETH worth $14.663 were traded in the last 24 hours.

The increase in price forced bitcoin miners to start bringing out their bitcoin once gain as data revealed Bitcoin Miner Revenue rose to $716,165, a five-month high.

Cryptocurrency traders are expecting Joe Biden president to make things move quickly, especially with the parliament given that Democrats control the House of Representatives.