Bitcoin surges past $15,000, hitting its highest level since January 2018

Bitcoin's price climbed above $15,000 on Thursday, hitting a level not seen since January 2018 amid U.S. presidential election uncertainty.The world's best-known cryptocurrency was last trading almost 9% higher at a price of $15,233, according to data from industry website CoinDesk.Bitcoin has been on a tear in 2020, more than doubling in value year-to-date. Its meteoric rise comes on the back of unprecedented stimulus from global governments and central banks during the coronavirus pandemic, which some industry insiders believe has made the virtual currency more attractive than fiat currencies like the dollar."Bitcoin's creation was in part due to fears that increased fiscal stimulus is devaluing currencies globally," said Simon Peters, a cryptoasset analyst at investment platform eToro. "As a result, when central banks announce extensive plans to pump money into economies, many investors in the crypto community take this as a major bitcoin buy signal."Investors are awaiting the latest monetary…

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