The price of Bitcoin has repeatedly set records and reached a new high, surpassing 88,000 dollars. on Monday, in the wake of Donald Trump’s re-election in the US election.

In particular, the price of the largest cryptocurrency reached $88,409.68., according to Coin Metrics.

At the same time, with Ether moved up more than 6%, which reached $3,358.68, following a 30% jump last week that took the cryptocurrency above the $3,000 mark. during the weekend.

Upwards Dogecoin also kept movingwhich according to CNBC was up 22%.

According to Susannah Streeter, head of markets at investment platform Hargreaves Lansdown, the rally recorded by the cryptocurrency market is a result of the “euphoria” created in this market by the victory of Donald Trump.

“His commitment to give it his all in the cryptocurrency market has sent Bitcoin to exciting new levels” Streeter said in her analysis.

“It has pivoted to support that market and now promises to make the US the world’s cryptocurrency capital. Bitcoin speculators are betting on a more lenient regulatory environment and expect authorities to create a cryptocurrency reserve fund, which will help boost the continued demand” she added herself.

During his election campaign, Trump made a number of promises to the industry of cryptocurrencies, such as making the US “the cryptocurrency capital of the planet”, insisting that all Bitcoins should be mined there.

He also committed thati will prosecute the chairman of the Capital Market Commission of the US Gary Gensler, who has taken an aggressive approach to the cryptocurrency market, despite the fact that the US president does not have that authority.