Bitcoin reaches record high above $87,000 following election results
Bitcoin has reached a new record high, surpassing $87,000 for the first time. This surge follows Donald Trump's recent election victory, which analysts believe may lead to a more favorable regulatory environment for cryptocurrencies. The price of bitcoin has increased over 28% in the past week, contributing to a broader rally in the crypto market. Analysts attribute this growth to expectations of regulatory clarity and support from the incoming administration. Despite the recent gains, experts caution that cryptocurrency investments can be highly volatile. Investors are advised to only invest money they can afford to lose, as market conditions can change rapidly.