Bitcoin reaches record $87,200 as euro hits lowest point since April

Bitcoin surged 14% to a record high of $87,200, driven by a favorable election outcome and technical factors. This marks a significant increase from previous levels, reflecting strong market interest in cryptocurrency. The euro fell to its lowest point since April, trading at 1.0629, as the U.S. dollar remained strong. The pound also struggled, nearing its November low, while USD/CAD aimed for a two-year high amid declining oil prices. Gold prices dropped $60 to $2,625, the lowest since early October. Market sentiment was affected by concerns over China's economic stimulus and the ongoing impact of the U.S. election results.