Bitcoin reaches record high above $87,000 following election results

Bitcoin has reached a new record high, surpassing $87,000 for the first time on Monday. The price rose to $87,083, marking a 28% increase in just one week, driven by a surge in investment following Donald Trump's election victory. Trump's win has sparked optimism in the crypto market, as he has expressed support for cryptocurrencies and promised regulatory changes. This shift in sentiment has contributed to a broader rally in the cryptocurrency sector, including significant inflows into spot bitcoin exchange-traded funds. Despite the recent gains, experts caution about the volatility of crypto assets. Bitcoin's price can fluctuate dramatically, and investors are advised to only invest what they can afford to lose.