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, potentially leading to clearer regulations. The price of bitcoin has increased over 28% in the past week, contributing to a broader rally in the crypto market. Analysts note that the approval of spot bitcoin exchange-traded funds (ETFs) earlier this year has also driven significant investment into the asset. Despite the recent gains, 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.