Bitcoin’s record-breaking rally took the digital asset close to $90,000 for the first time and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.

As money continues to pour into crypto following Donald Trump's reelection last week, bitcoin has climbed to yet another record high.

Crypto prices continue melting upwards since Donald Trump's election victory as investors reprice digital assets in anticipation of a friendlier government.

It marks a bet by investors that a Trump White House might ease up on some of the investigations by safety regulators into features such as self-driving. The ties between Trump and Musk could also help Tesla navigate shifts in relationship between the US and China,

Cryptocurrency assets have surged in the week since Donald Trump was re-elected President, as the industry looked ahead to what Coinbase CEO Brian Armstrong on Tuesday called the "dawn of a new crypto era.