Bitcoin reaches record high of over $81,000 following Trump's election victory

Bitcoin has reached a new all-time high of over $81,000, marking a 93% increase in 2024. This surge follows the election of Donald Trump as President, who has expressed support for cryptocurrencies. The cryptocurrency first crossed the $80,000 mark on November 10, after hitting $75,000 on November 6. Trump's pro-crypto stance and a supportive Congress are contributing factors to this rise. During his previous presidency, Trump criticized cryptocurrencies but has since changed his position. He aims to establish the U.S. as a leader in the crypto space and has plans for a digital currency platform.