Bitcoin surges to record high topping $100,000, thanks to Trump’s win and optimism over his crypto plans

Bitcoin rose above $100,000 for the first time on Thursday, buoyed by Donald Trump’s victory in the US Presidential race spurring expectations that his administration will create a conducive environment for cryptocurrencies.

Bitcoin has more than doubled in value this year and is up about 45% in the four weeks since Trump’s victory, which also saw a slew of pro-crypto lawmakers being elected to Congress.

It last traded at $100,027, up 2.2% on the previous session, after earlier rising as high as $100,277.