Bitcoin has topped $87,000 for a new record high. What to know about crypto’s post-election rally
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As money continues to pour into crypto following Donald Trump‘s victory last week, bitcoin has climbed to yet another record high.
The world’s largest cryptocurrency topped $87,000 for the first time on Monday. As of around 3:45 p.m. ET, bitcoin’s price stood at $87,083, per CoinDesk, up over 28% in the last week alone.
That’s part of a rally across cryptocurrencies and crypto-related investments since Trump won the U.S. presidential election last week. Analysts credit much of the recent gains to an anticipated “crypto-friendly” nature of the incoming administration, which could translate into…
