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.

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.

The largest and oldest crypto asset scaled new highs since the announcement of the US elections and the bullish momentum has pushed it above $81,000 mark.