Bitcoin hits record high after US election
The cryptocurrency market has been booming recently, after Donald Trump was announced as the 45th president of the United States, this event was accompanied by a significant increase in the value of Bitcoin to exceed $88,000
Bitcoin was valued at 38,505$ at its lowest level in 2024 and increased by 137,7% to reach 91.524,13$
Speaking of the history of this electronic currency, we find that it was gradually rising until it rose to an unprecedented level in 2017 to reach 20,000$ after its value was $900 in the same year
With the increasing media momentum for this currency, its value reached 29,000$ in 2020
In November 2021, the value of Bitcoin reached its highest number since its inception, breaking the 68,000$ barrier, due to To investments from a large company like Tesla
In 2022, the value of this currency decreased and was affected by various economic factors such as recession and inflation, and its value was estimated at 18,000$, reaching its lowest levels in two years
This year, after the announcement of Trump’s dollar winning the US presidency, Bitcoin returned strongly to lead the cryptocurrency scene
