Bitcoin has reached a new record high, surpassing $87,000 following Donald Trump's recent victory. The surge in cryptocurrency prices is attributed to the anticipated 'crypto-friendly' stance of the incoming administration. This rally is not limited to bitcoin but extends to other cryptocurrencies and related investments.
Cryptocurrency, a form of digital money, operates through an online network without a central authority, utilizing blockchain technology to record transactions. While bitcoin remains the largest and oldest cryptocurrency, assets like Ethereum, Tether, and Dogecoin have gained popularity over the years.
