Bitcoin touched a fresh record high on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration.
It has more than doubled in value this year and is up about 45% in the two weeks since Trump’s sweeping election victory, which has also seen a slew of pro-crypto lawmakers being elected to Congress.
The crypto currency was last up just over 1% on the day at $99,380 BTC=, and is on track for its best monthly performance since February.
Its surge has made bitcoin one of the stand out winners of so-called “Trump trades” – assets that are seen as winning or losing from Trump’s policies.