Bitcoin reaches record high of $82,000 following Trump election victory

Bitcoin's price surpassed $82,000 for the first time on Sunday, driven by a surge following Donald Trump's election victory. His pro-crypto stance and the success of several crypto-friendly candidates in down-ballot races contributed to this increase. Trump's election marks a shift from his previous skepticism about cryptocurrency. He has promised to support the industry and has vowed to maintain U.S. government bitcoin holdings. His campaign has also engaged in crypto investments and fundraising. The crypto industry was a major donor in the recent election cycle, contributing 44% of corporate donations. A significant number of pro-crypto candidates were elected, indicating a favorable shift in the political landscape for cryptocurrency.