Bitcoin surpasses $84,000 with 127% annual gain following US election

Bitcoin prices have surged past $84,000, marking a significant increase of about 127% over the past year. This rise follows the election of Donald Trump, who supports cryptocurrencies, and has led to expectations of further price increases. On the day of the U.S. election, Bitcoin was priced at $69,373.7. Since then, it has gained approximately $14,600. Analysts suggest that the new administration may introduce more favorable regulations for cryptocurrencies, potentially boosting investor confidence. In India, the cryptocurrency market is slowly gaining traction despite previous regulatory challenges. Industry officials anticipate increased interest in Bitcoin as its price rises, reflecting a broader acceptance of digital currencies.