Bitcoin Breaks $65K, as Price Action Compared to Prior U.S. Election Cycles

BTC rallied from $62,000 to $65,000 since early Asian hours Monday, liquidating over $80 million of BTC and ether (ETH) leveraged shorts – or bets against the tokens. The early move came on renewed hopes of a future stimulus for Chinese markets, which tends to move riskier assets, including cryptocurrencies.