On Nov. 11, bitcoin hit an all-time high, reaching a record high in value.
According to the CoinDesk exchange, as of 2:15 p.m., the price of bitcoin was $82.358, more than double the low of this year, when the cryptocurrency’s value fell to $38.505.
Bitcoin’s rise was also supported by an increase in the value of another popular cryptocurrency, Etherium, which reached $3.181 per unit.
Reuters notes that such gains in the cryptocurrency market are due to optimism about the development of the crypto market in case of a favorable regulatory environment after the U.S. elections.