Bitcoin climbed to a fresh record high earlier Monday , continuing a strong run of gains since Donald Trump's election as U.S. president raised hopes for friendlier cryptocurrency regulations.

The Bitcoin rate immediately grew by almost 3% and reached a record high of $81,792.

The world's largest digital currency, as well as cryptocurrency markets in general, have been on the rise since Trump's election victory last week. The president-elect promised to make the United States the "crypto capital" of the world.

Bitcoin has gained more than 16% in the last week and is up 91% in 2024.