Bitcoin reaches record high of over $87,000 following Trump election win
wcpo.com —
Bitcoin has reached a new record high, surpassing $87,000 for the first time. This surge follows a rally in cryptocurrencies after Donald Trump's recent presidential election victory, with Bitcoin's price increasing over 28% in just one week. The rise in Bitcoin's value is attributed to expectations of a more favorable regulatory environment under Trump's administration. Analysts note that the approval of spot Bitcoin exchange-traded funds has also significantly contributed to recent gains. Despite the current optimism, 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.