Bitcoin has achieved a new all-time high, surpassing its previous peak price set in March of this year.
This price increase is largely attributable to robust demand for Bitcoin-based exchange-traded funds (ETFs).
Adding to the cryptocurrency's momentum is the ongoing U.S. election, which has become tinged with crypto-related discussions and implications.
The convergence of these factors has driven Bitcoin's recent surge, marking a significant milestone in its price history.
