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 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 been a major driver of bitcoin's price increase. 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 trends show rapid price fluctuations can occur unexpectedly.