Bitcoin reaches new record high above US$80,000

The value of bitcoin soared over the weekend, hitting a new all-time high of $81,899. This milestone marks a significant increase from its previous high of $73,797.98 in March, and represents an 80% gain for the year. This surge follows the news of Trump's victory, which was interpreted as a bullish sign by the crypto industry. In contrast to the S&P 500, which is up 25.7% this year, bitcoin's performance is remarkable. The crypto industry is optimistic about the future of bitcoin and other digital currencies, with some investors citing Trump's new crypto business, World Liberty Financial, as a contributing factor to the rise in value.