Bitcoin approached historic levels of $100,000, fueled by the optimism of the newly elected president Donald TrumpCrypto support for crypto heralds a boom as the US moves to friendly regulation instead of crackdown.

The largest digital asset rose more than 3% to a record high of $97,659 as of 12:57 pm on Thursday in Singapore. The crypto market as a whole has contributed about $900 billion in gains since Trump’s November 5 election victory.