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 signals a more favorable regulatory environment for cryptocurrencies. Bitcoin's price has increased over 28% in the past week. The rise in Bitcoin's value is also linked to the popularity of spot bitcoin exchange-traded funds (ETFs), which have seen significant inflows since their approval in January. These ETFs have been a major driver of Bitcoin's recent gains, alongside the anticipated changes in regulatory support. Despite the positive momentum, experts caution that cryptocurrency investments remain highly volatile. Investors are advised to only invest what they can afford to lose, as past trends show rapid price fluctuations can lead to significant losses.