Bitcoin hits record high of over $82,000 following Trump election victory

Bitcoin reached a record high of over $82,000 on Monday, rising nearly 19% since November 6. This surge follows Donald Trump's election as U.S. President, with expectations of a more favorable regulatory environment for cryptocurrencies. Short sellers in the crypto market have faced significant losses, totaling over $6 billion this year. Losses from short trades on major companies like MicroStrategy and Coinbase reached about $1.2 billion between November 6 and 8. Investors betting against the iShares Bitcoin Trust also lost nearly $37 million since November 6. Trump's campaign included promises to support digital assets and position the U.S. as a leader in the crypto space.