Bitcoin reached another high on Monday, as the rally in cryptocurrencies continued after Donald Trump’s election victory.

The price of the flagship cryptocurrency was last up 6% at $84,211.50, according to Coin Metrics. Ether rose 2% after gaining 30% last week, pushing the price back above $3,000 this weekend.

The decentralized financial token linked to Cardano was 1.7% higher, while payments appreciated XRP took a breather. Dogecoin continued to rise, by almost 8%.

Coin base rose by 15%, while MicroStrategy advanced 12%.

Susannah Streeter, head of money and markets at investment platform Hargreaves Lansdown, noted that the rise in cryptocurrencies comes amid “euphoria” in the market unleashed by Trump’s presidential victory last week.

“His promise to go all-in on crypto has sent Bitcoin to new, heady heights,” she said in a research note on Monday.

“He has made a point of supporting the industry and now vows to make the US the crypto capital of the world. Bitcoin speculators are betting on a milder regulatory environment and expect authorities to be able to build up a reserve crypto fund. , driving continued demand.”

During his campaign, Trump made a slew of promises to the crypto industry, including making the US the “crypto capital of the planet” and insisting that all bitcoin should be mined in the country.

He also vowed to fire U.S. Securities and Exchange Commission Chairman Gary Gensler — who has taken an aggressive approach to crypto — despite the fact that the president does not have the power to do so.

In a research note last week, Citi strategists highlighted that crypto was one of the “few Trump transactions that have yet to be traced.”

“Part of the reason is due to the expected crypto-friendly nature of the Trump administration, which investors hope will translate into regulatory clarity in the US,” said the strategists led by David Glass.

They noted that spot crypto ETFs had seen some of the largest inflows ever since the election.

“Specifically, net inflows for BTC and ETH ETFs in the two days following the election were $2.01 billion and $132 million, respectively,” they said. “We continue to see ETF flows as the main driver of Bitcoin returns.”

Looking ahead, some analysts expect crypto to continue to rise, with some saying bitcoin is on track to reach the $100,000 mark by the end of the year.