Bitcoin on Sunday hit a new record above $80,000. The world’s largest cryptocurrency surged in the run-up to Tuesday’s US presidential election, rose sharply immediately on election night after it became clear Donald Trump would win and has continued rising in the days since his victory.

Bitcoin rallied past $80,000 for the first time on Sunday, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.

Bitcoin has hit $80,000 for the first time as Donald Trump recorded victories in Nevada and Arizona in the US election, marking a clean sweep of the seven swing states for the president-elect and paving the way for a more pro-crypto administration.

Bitcoin prices hit $80,000 for the first time on Sunday. The president-elect has vowed to ease the regulatory burden on crypto and create a reserve to hold the nation’s bitcoin supply.

Cryptocurrencies extended their rally on Sunday, with bitcoin touching $80,000 for the first time ever. The price of the flagship cryptocurrency was last higher by 4.5% at $79,800.19, according to Coin Metrics.

The price of bitcoin reached a record high Sunday, continuing its post-election surge as President-elect Donald Trump has promised to bolster the industry.

Bitcoin has hit $80,000 (NZ$133,970) for the first time as Donald Trump recorded victories in Nevada and Arizona in the US election, marking a clean sweep of the seven swing states for the president-elect and paving the way for a more pro-crypto administration.

The world's largest cryptocurrency surged in the run-up to last week's US presidential election, rose sharply immediately on election night after it became clear Donald Trump would win and has continued rising in the days since his victory.