The cryptocurrency market is witnessing a historic shift as Bitcoin approaches a new record level of $80,000, following Donald Trump's victory, who promised to make the United States a global center for digital assets in the presidential elections.

The digital currency recorded a new record level of $79,771 on Sunday morning, in a move that reflects investors' confidence in the new direction of the upcoming U.S. administration towards adopting more open policies toward digital assets.

This rise coincided with the Republican Party's control over both the Senate and the House of Representatives, amid expectations of potential legislation supporting the cryptocurrency industry.

Political and Investment Factors

Commenting on the recent developments in the digital currency markets, cryptocurrency expert Yasser Al-Tabbaa confirmed that the record levels reached by Bitcoin this week were driven by several political and investment factors, pointing out that Trump's victory in the presidential elections and his commitment to supporting cryptocurrencies formed a key incentive for the market.

Al-Tabbaa added in a statement to "Al-Hurra" that "contrary to the usual expectations in cryptocurrency markets, where prices tend to decline after positive news, we witnessed a continuation of the rise, reflecting genuine confidence in the market."