Bitcoin reaches new high of over $80,000 following Trump's re-election

Bitcoin has reached a new all-time high of over $80,000 following Donald Trump's re-election. Investors are optimistic about a more favorable regulatory environment for cryptocurrencies, driven by Trump's pro-crypto agenda, including plans for a national Bitcoin reserve. Since Trump's election, Bitcoin has surged by 18%, while Ethereum has risen 32%. Other cryptocurrencies, like XRP and Cardano, have also seen significant gains. This marks a stark contrast to the previous administration's cautious approach to crypto regulation. Despite the global crypto boom, Indian investors face challenges due to high taxes and regulatory issues. Many are exploring US-listed Bitcoin exchange-traded funds as an alternative investment option.