Bitcoin hits record high of over $81,000 driven by Trump trade optimism

Bitcoin's price has surged to a record high of over $81,000, driven by optimism surrounding a potential Trump administration. This marks a significant increase from its previous range of low-$50,000 to mid-$70,000 since March. Other cryptocurrencies also rose, with Ethereum up 8% and Cardano increasing by over 30%. Investors are accumulating Bitcoin-related assets, anticipating more favorable U.S. regulations under Trump compared to the current administration. Bitcoin's price has increased 94% year-to-date, fueled by the so-called "Trump trade." Analysts suggest that continued inflows into Bitcoin ETFs may push prices even higher in the coming months.