The price of bitcoin reached a record high Sunday, continuing its post-election surge as President-elect Donald Trump has promised to bolster the industry.

Coinbase's share price has skyrocketed so far on Wednesday, plus other Bitcoin-related stocks are surging on the back of Trump's reelection.

Bitcoin has hit $80,000 for the first time as Donald Trump recorded victories in Nevada and Arizona in the US election, marking a clean sweep of the seven swing states for the president-elect and paving the way for a more pro-crypto administration.

Cryptocurrencies extended their rally on Sunday, with bitcoin touching $80,000 for the first time ever. The price of the flagship cryptocurrency was last higher by 4.5% at $79,800.19, according to Coin Metrics.

Bitcoin rallied past $80,000 for the first time on Sunday, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.

Bitcoin soared to record high of over $81,000 on Monday as Donald Trump's victory in the U.S. presidential election along with pro-crypto candidates being voted to the Congress spurred expectations of a light-handed regulatory environment.

Bitcoin Hits Record High as Trump Victory Sparks Optimism for Crypto-Friendly Policies Bitcoin Surges Beyond $81,000 Amid Market Optimism On Sunday evening, Bitcoin reached an unprecedented high of $81,

The cryptocurrency rose by 4.5 per cent on the day to reach its highest-ever price - the equivalent of £61,943.49.