Bitcoin Breaks Records Amid Pro-Crypto Political Shift

Bitcoin has surged past $87,000 following the election of Donald Trump and pro-crypto candidates, marking a significant moment for the cryptocurrency industry. Crypto-related stocks have also seen considerable gains. Trump promises regulatory ease for crypto, aligning with investor bullishness and increased ETF inflows.

Bitcoin prices hit an unprecedented high of $87,460 on Monday, buoyed by optimism over a crypto-friendly political climate after Donald Trump's election as U.S. president.

Major cryptocurrency stocks like Coinbase Global and Riot Platforms experienced strong gains, as the sector anticipated reduced regulatory scrutiny.

Trump's campaign, which promised to transform the U.S. into a leading crypto nation, has driven bullish market sentiment and substantial cryptocurrency ETF inflows.

(With inputs from agencies.)