- Bitcoin bulls have once again begun to focus on reclaiming the currency’s March highs, amid growing optimism about riskier assets ahead of the US election.

Bitcoin rose 2.9% to $68,376 on Wednesday, before pulling back slightly to settle around $67,300 at this point in Thursday’s trading. The cryptocurrency last hit the $70,000 mark in July, and hit an all-time high of around $74,000 in March.

Alongside Bitcoin, other cryptocurrencies also saw gains, with Dogecoin up 10% and XRP up around 2%.

US Vice President Kamala Harris’ comments on supporting a regulatory framework for cryptocurrencies added to the market’s confidence. The admission comes after years of criticism from the cryptocurrency industry of US officials, who it has accused of pursuing an unclear regulatory policy based on strict enforcement rather than clarifying the rules.