Bitcoin soared to a record high above $82,000 on Monday on expectations that cryptocurrencies will boom in a favourable regulatory environment following the election of Donald Trump as U.S. president and of pro-crypto candidates to Congress.

Analysts credit much of the recent gains to an anticipated “crypto-friendly” nature of the incoming administration, which could translate into more regulatory clarity but also leeway.

Donald Trump's election victory has sparked optimism in the cryptocurrency market, prompting Indian crypto operators to strategize for increased investor engagement. With Bitcoin prices soaring, Indian exchanges are enhancing platforms to leverage this bullish momentum.