Bitcoin surges past $81,000 following Trump's election victory

Bitcoin reached a record high of over $81,000 on Monday, more than doubling from its low of $38,505 earlier this year. This surge follows the election of Donald Trump, who has promised a favorable regulatory environment for cryptocurrencies. Trump's campaign included plans to make the U.S. a leader in digital assets, which has boosted investor confidence. The cryptocurrency industry has also supported pro-crypto candidates, leading to significant wins in Congress. Other cryptocurrencies also saw gains, with Ether rising above $3,200 and Dogecoin reaching a three-year high. Investors are optimistic about reduced regulatory scrutiny under a Republican-controlled Congress.