Bitcoin rides the Trump wave to near record highs, sets sights on $100,000 target

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 per cent since Trump’s sweeping election victory on Nov 5, which has also seen a slew of pro-crypto lawmakers being elected to Congress.