Bitcoin surges to record high following Trump's election as US president

Bitcoin surged to a record high of $89,000 following Donald Trump's election as U.S. president. Investors are optimistic that the new administration will be more supportive of cryptocurrencies, contrasting with Trump's previous skepticism. Other cryptocurrencies, like Dogecoin, also saw significant increases, with Dogecoin rising 152% since Trump's victory. Analysts suggest that Trump's campaign acceptance of crypto donations and his new venture into the cryptocurrency space have fueled this market enthusiasm. Trump has shifted his stance on cryptocurrencies, now promising to protect Bitcoin reserves if re-elected. His administration is expected to explore ways to promote cryptocurrency adoption, potentially leading to increased investment in the sector.