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.

As of around 3:45 p.m. ET, bitcoin's price stood at $87,083, per CoinDesk, up over 28% in the last week alone. That's part of a rally across cryptocurrencies and crypto-related investments since Trump won the U.S. presidential election last week.

Bitcoin, the world's largest cryptocurrency, is hitting new records in the wake of president-elect Donald Trump's victory. Trump has promised to soften regulations on digital currency.

The price of bitcoin topped $80,000 for the first time Sunday, extending a rally fueled by crypto optimism following Donald Trump’s election win.

By Samuel Indyk and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) -Bitcoin surged to a record above $87,000 on Monday in a blistering rally amid expectations cryptocurrencies will thrive in a light-touch regulatory environment following the election of Donald Trump as U.

Bitcoin climbed to a record of nearly $85,000 on Monday morning. Investors are celebrating Donald Trump's promise to enact crypto-friendly legislation. One analyst predicted the price could reach $100,

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.