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

Bitcoin has reached a new record high, surpassing US$87,000 for the first time. This surge follows Donald Trump's recent election victory, which has led to increased investment in cryptocurrencies. Bitcoin's price rose over 28% in the past week. Trump's administration is expected to be more favorable towards cryptocurrencies, which analysts believe is driving the current rally. His campaign embraced crypto, and he has promised to make the U.S. a leader in the industry, potentially easing regulatory pressures. Despite the gains, experts caution about the volatility of crypto investments. Bitcoin's price can fluctuate dramatically, and investors are advised to only invest what they can afford to lose.