This afternoon Bitcoin (BTC) once again recorded its latest all-time high, $ 35,800 from the previous record, $ 34,000.
The unexpected surge was driven by Democrats' predictions of winning a Senate election in Georgia, USA (US) that will determine Congress in the future.
Experts hope the victory will be in favor of the democratic party which will continue its monetary and fiscal stimulus, as opposed to if the Senate is led by Republicans.
However, the counting of votes has been postponed for now and is expected to resume tomorrow.
At the same time, CryptoQuant CEO Ki Young Ju told institutional investors to continue buying Bitcoin even though the asset price was already above $ 30,000.
He further explained that Satoshi Nakamoto's asset outflow record on January 2 on the Coinbase exchange reached 55,000 tokens in a day, the highest record ever recorded by the platform.
Other major crypto assets such as Ethereum (ETH), Litecoin (LTC) and altcoins also showed positive movement, except XRP which is seen as still critical.
At the time of writing, BTC is trading at $ 35,205, slightly below its recent record high of $ 35,895.
