Analysts credit much of the recent gains to an anticipated “crypto-friendly” nature of the incoming administration, which could translate into more regulatory clarity but also leeway.

Bitcoin stood on the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as U.S. president on expectations his administration will be crypto friendly. The world's biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and touched $89,

Bitcoin prices rose to a new record high of more than $84,500 on Monday as its record-setting run continued in the wake of President-elect Trump's victory in last week's election.