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 recent election victory, with bitcoin rising over 28% in the past week. The rally is part of a broader increase in cryptocurrency values. Trump's election is seen as a positive development for the crypto industry, as he has expressed support for cryptocurrencies and promised regulatory changes. His campaign accepted donations in crypto, and he aims to position the U.S. as a leader in the sector. Despite the gains, experts caution about the volatility of cryptocurrencies. Prices can fluctuate dramatically, and investors are advised to only invest what they can afford to lose. Concerns about the environmental impact of crypto mining also persist.