Bitcoin has topped $87,000 for a new record high. What to know about crypto's post-election rally

By Yahoo! Finance | Nov 11, 2024 at 04:09 PM EST

Bitcoin hit a new record high at $87,000 following Trump's election win, with a 28% increase in a week. Analysts credit the rally to expectations of a crypto-friendly administration. Cryptocurrency operates on a decentralized network, primarily led by Bitcoin, Ethereum, and others.

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