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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. It is surging along with Elon Musk's automaker Tesla, which is up nearly 40% since voting results rolled in as investors figure Trump's friends and interests will do well while he is in office. "Obviously (it's) a clear Trump trade as he is so supportive of the industry, and this can only mean more demand both for crypto stocks as well as the currencies themselves," said Nick Twidale, chief market analyst at ATFX Global in Sydney.

Leveraged bitcoin ETF gains as cryptocurrency market reacts to Trump victory and MicroStrategy’s latest purchase.

As money continues to pour into crypto following Donald Trump's victory last week, bitcoin has climbed to yet another record high. This kind of currency is designed to work through an online network without a central authority — meaning it's typically not backed by any government or banking institution — and transactions get recorded with technology called a blockchain.

Top coins were setting new records in the continuation of a strong rally.

Bitcoin clinched another all-time high of $88,448 on Monday, surging 11% over the past 24 hours.

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.

Ether, the native cryptocurrency of the Ethereum blockchain, surged to a three-month high Monday. Monitor these important chart levels.