Bitcoin topped $67,000 for the first time since July as a rally in U.S. stocks helped renew optimism about riskier assets such as cryptocurrencies. The largest cryptocurrency rose 2.45% to $67,520 at 9:58 a.m. in New York.
Bitcoin is ahead of stocks and gold this month, supported by growing expectations that the regulatory outlook for cryptocurrencies in the United States will improve after the upcoming presidential election. Bitcoin has risen 4% in October, outperforming the global stock index as well as gold since the start of the month.
Democratic candidate Kamala Harris pledged on Tuesday to support a regulatory framework for cryptocurrencies, a position she made clear during a campaign aimed at attracting black male voters, three weeks before Election Day. Her opponent, Republican candidate Donald Trump, has expressed his support for the crypto sector in a heated race for votes. Trump has been the most supportive of cryptocurrencies in the presidential race so far.
