Bitcoin hits record high above $81,000 following Trump's election victory

Bitcoin has reached a new record high, surpassing $81,000, following Donald Trump's election as U.S. president. The cryptocurrency rose by 6.1% on Sunday, reflecting optimism about a potential boom in the digital asset market. The price of Bitcoin has more than doubled from its low of $38,505 earlier this year. Trump's campaign support for cryptocurrencies and a Republican sweep in Congress have fueled expectations for favorable policies in the industry. The cryptocurrency sector invested over $119 million in pro-crypto candidates, resulting in significant wins for supporters in various states. Analysts suggest that the market is reacting positively to the anticipated deregulation of digital currencies under a Trump-led government.