Bitcoin touched a record high on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration.

Bitcoin topped $98,000 for the first time Thursday, extending a streak of almost daily all-time highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks.

An employee watches an electronic signboard displaying the prices of Bitcoin and other cryptocurrencies at the lounge of Bithumb cryptocurrency exchange in Seoul, South Korea, Thursday, Nov. 21, 2024.

Bitcoin hit $95,000 for the first time as the digital-asset sector moves to cement its influence with Donald Trump by pushing for a new White House post dedicated to cryptocurrency policy.

Richard Teng, Binance CEO, discusses what Donald Trump's re-election as US president could mean for the cryptocurrencies. Speaking to Bloomberg's Fancine Lacqua, he says Trump is a "big positive" for crypto.

President Donald Trump thinks Bitcoin might be the answer to America’s $36 trillion debt problem. In July, he told a Bitcoin conference that he’d create a “strategic national Bitcoin reserve.” By August,