Bitcoin jumps to new record high of more than $106,000
Bitcoin hits new record high of more than $106,000
The world's largest cryptocurrency has risen by more than 50% since Trump's election victory
Bitcoin has surged to a new record high, extending a rally that has seen the cryptocurrency's price rise by more than 50% since Donald Trump's victory in the 5 November election.
The world's largest cryptocurrency briefly passed $106,000 (?83,890) and was trading at more than $105,000 in Asia trade on Monday morning.
The incoming Trump administration is seen as being far more friendly towards cryptocurrencies than the Biden White House.
On Thursday, the US president-elect reiterated that he is considering creating a national stockpile of the digital currency, similar to the country's strategic oil reserve.