Bitcoin surges to a new record high, topping $84,000

Published On Nov 11, 2024, 11:06 AM

Bitcoin has reached a record high, surpassing $84,000, following the recent election of President-elect Trump, which has raised investor expectations for a more favorable regulatory environment for cryptocurrencies. Speculation suggests that potential changes in regulation could lead to increased demand for Bitcoin and other digital assets. Trump has indicated he wants to support the crypto industry and may replace the current SEC chair, who has implemented stricter regulations on digital assets. Investors have been betting on the favorable regulatory changes, causing a price surge.