The large-cap token surged last week, powered higher by the expectation that the Trump administration will ease crypto regulations.

Bitcoin hit a new record high late Monday, its value peaking at $89,623 as investors quickly moved to cash in on expectations that Donald Trump will end a White House crackdown that intensified last year on crypto.

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Analysts credit much of the recent gains to an anticipated “crypto-friendly” nature of the incoming Trump administration.

Bitcoin surged to a record of more than $75,000, as cryptocurrency investors celebrated President-elect Donald J. Trump’s prospects after his decisive win on Wednesday.

Dozens of domestic and foreign 'bitcoiners' met at the Adopting Bitcoin conference just outside the Salvadoran capital, with the Central American country hyping its status as a hub for the promotion of digital currency trading.

Bitcoin hits a record high of $93,409 on Trump's promises. $100,000+ possible if pledges fulfilled. Discover more on the cryptocurrency here.

JOHANNESBURG - The cryptocurrency Bitcoin has soared since Donald Trump's election victory in the US. READ: Bitcoin hits new highs, markets stall amid US inflation increase. It is