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

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 up over 28% in the past week. The increase is attributed to expectations of a more favorable regulatory environment under Trump, who has expressed support for cryptocurrencies. Spot bitcoin exchange-traded funds (ETFs) have also contributed to the price rise, seeing significant inflows since the election. Despite the recent gains, experts caution about the volatility of cryptocurrencies. Investors are advised to only invest what they can afford to lose, as the market can experience rapid fluctuations.