Bitcoin reaches record high above $82,000 after Trump's election victory

Bitcoin has reached a record high of over $82,000 following Donald Trump's election victory. Institutional investors have returned to the market, driven by Trump's pro-crypto stance and potential regulatory support, leading to a nearly 6.1% increase on Sunday. Trump's win, particularly in battleground states like Arizona, has boosted confidence in digital assets. Bitcoin's value has surged nearly 94% in 2024, aided by demand for exchange-traded funds and recent interest rate cuts by the Federal Reserve. The digital asset industry has heavily invested in Trump's campaign, anticipating favorable regulations. This contrasts sharply with the previous administration's approach, which was more critical of the crypto sector.