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 election victory, which analysts believe has created a more favorable environment for cryptocurrencies, potentially leading to clearer regulations. The recent rally in crypto assets is also linked to the success of spot bitcoin exchange-traded funds (ETFs), which have attracted significant investment since their approval in January. Analysts note that inflows into these ETFs have driven much of bitcoin's recent gains. Despite the positive momentum, experts caution that cryptocurrency remains highly volatile. Investors are advised to only invest what they can afford to lose, as past price swings have shown the risks involved in the market.