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

Bitcoin reached a new record high of over $87,000 on Monday, rising more than 28% in the past week. This surge follows Donald Trump's recent election victory, which has sparked increased investment in cryptocurrencies. Trump's administration is expected to be more favorable toward crypto, with promises to enhance regulatory clarity. His campaign accepted cryptocurrency donations, and he has expressed intentions to make the U.S. a leader in the crypto space. Despite the current rally, experts caution about the inherent volatility of cryptocurrencies. Bitcoin's price has fluctuated significantly in the past, and while recent trends show strong investment interest, risks remain for investors.