Bitcoin bulls eye $70,000 near record-high on optimism around riskier assets ahead of US presidential elections

Bitcoin price today: Bitcoin extended last week’s gains as the crypto bulls are setting their sights on the record highs reached in March. Optimism is building around riskier assets and the looming US presidential elections.

The original cryptocurrency gained as much as 2.9 per cent to $68,376 on Wednesday, October 16, before paring the increase. Bitcoin last traded at $70,000 in July and reached an all-time high of almost $74,000 in March.