The digital currency Bitcoin rose to its highest levels ever, reaching about $85,000 today, Monday, amid expectations that cryptocurrencies will flourish with support for the possibility of adopting supportive regulatory measures after the election of Donald Trump as President of the United States.

The value of the largest and most famous cryptocurrency in the world has more than doubled compared to its lowest level this year, which amounted to $38,505.

In the latest transactions, it recorded $84,551, an increase of 5.8 percent compared to Sunday’s trading, after it had previously touched its highest level ever at $84,985.

Bitcoin has witnessed several historical rises in its value, one of the most notable of these rises was in December 2017, when its value reached about 20 thousand dollars, as it rose thanks to the increasing interest in digital currencies and the widespread media talk about them. At the end of 2020, Bitcoin returned to achieve a new record after it exceeded the $29,000 barrier, paving the way for a major rise in 2021.

In November 2021, Bitcoin recorded its highest level ever with a value exceeding $68,000, benefiting from large companies such as “Tesla” and “MicroStrategy” adopting it and investing large sums in it, in addition to the use of Bitcoin as a hedging asset against inflation by some. Large financial institutions. 

However, its value declined significantly in 2022 due to market conditions and fluctuations, until last week when it recorded an unprecedented rise following the announcement of Donald Trump’s victory in the US presidential election.