Bitcoin is heading towards the end of a hectic week ranging between $15,000 and $16,000 on November 6. In what has become one of the most remarkable periods in Bitcoin’s history, the largest cryptocurrency has hit levels not seen since the end of its previous bull market in late 2017.
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Even the biggest difficulty drop since 2011 couldn't phase the markets on Election Day (Photo: CoinMarketCap)Markets Report: Bitcoin Returns to $13,500 after biggest difficulty drop since 2011
Major changes in mining activity have no impact on price performance on the day the U.S. elects its president
Bitcoin rose to circle $13,500 on November 3 after the biggest drop in fundamentals in nine years failed to dent enthusiasm. Data from price trackers including CoinMarketCap showed BTC/USD unfazed by upheaval among miners, retaining $13,000 support.