Bitcoin Price: Following US Elections, BTC Closes Week Around $ 15,500

Bitcoin (BTC) closes the week of the biggest rally of the year at around $ 15,500. The leading cryptocurrency hit new yearly highs every day since the face-to-face elections in the United States, the count of which has yet to come to an end. At the close of this note, the price of BTC is $ 15,486.

BTC was on the verge of reaching the 16K level, but touched the high of $ 15,977 in the morning hours, and then fell back to the current level.

With Democratic candidate Joe Biden poised to become the new president of the United States, alternative markets have begun to deliver on predictions of exponential growth.

However, specialists underline the influence of a particular context, where the results are not yet fully defined. Likewise, the press conference of the current president Donald Trump last night at the White House - where he was declared the winner of the "legal elections" - could also have had an impact on the market.

The altcoin market has accompanied the growth of BTC, with some cryptocurrencies accumulating sums in excess of 10% since last Tuesday.

Ethereum (ETH), the benchmark altcoin, added another 7% to its extraordinary growth since the US elections, and as of press time, its price is $ 443.

XRP also closed the week with a significant jump of 6%, which puts its price well above the quarter dollar, and on the verge of reaching $ 0.26.

Litecoin (LTC), in turn, grew more than 5% and exceeded USD 61. Bitcoin Cash (BCH), finally, had a more moderate rise - less than 3% - and is trading above USD 255.