Bitcoin reaches record high of over $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 has created a more favorable environment for cryptocurrencies, leading to increased investment. The rise in Bitcoin's value is attributed to expectations of regulatory changes under Trump's administration, which may provide more clarity and support for the crypto industry. Spot Bitcoin exchange-traded funds (ETFs) have also contributed significantly to the recent gains. Despite the positive momentum, experts caution that cryptocurrency remains highly volatile. Investors are advised to approach crypto investments carefully, as significant price swings can occur rapidly.