Bitcoin hits record high above $87,000 after Trump election victory

Bitcoin has reached a new record high, surpassing $87,000 for the first time, following Donald Trump's recent election victory. The cryptocurrency has risen over 28% in the past week, driven by increased investment in the crypto market. Trump's election is seen as a positive development for the crypto industry, as he has expressed support for cryptocurrencies and promised regulatory changes. This shift in sentiment has led to significant inflows into spot bitcoin exchange-traded funds, further boosting prices. Despite the recent gains, experts caution about the volatility of cryptocurrencies. Historical price swings can lead to rapid losses, and investors are advised to only invest what they can afford to lose.