Bitcoin hit $81,000 for the first time on Monday, driven by expectations for pro-crypto regulations after Donald Trump’s election.

The cryptocurrency achieved an all-time high of US$81,899, more than doubling from its previous low of US$38,505 earlier this year.

During his campaign, Trump voiced support for digital assets, aiming to boost the United States’s role in the crypto market.

Beyond bitcoin, other cryptocurrencies also experienced notable gains. Ether surpassed US$3,200, while dogecoin hit a three-year high.