Bitcoin reaches record high of over $87,000 following Trump election victory

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 price of bitcoin has increased over 28% in the past week, driven by optimism about Trump's pro-crypto stance. His administration is expected to support changes that could benefit the crypto industry, including the removal of current regulatory leaders. 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 significant price fluctuations.