The large-cap token has rallied since the election on the expectation that President-elect Donald Trump will slash crypto regulation.

Bitcoin came within a whisker of closing above $100,000 for the first time on Thursday as the election of Republican Donald Trump as U.S. president spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies.

Bitcoin continued to climb to fresh all-time highs on Thursday, approaching six-figure territory on news that President-elect Donald Trump is considering candidates for a position dedicated toward steering cryptocurrency policy.

While bitcoin has been trading for the past several days at close to $100,000 — a level many crypto bulls consider as a milestone for the asset — it’s struggled to top that level.

Bitcoin’s price fell back to $91,000 Tuesday afternoon as the leading cryptocurrency reversed course on some recent gains following Donald Trump’s election win.

Bitcoin is just a stop before further price increases, claim our nterviewees. The upcoming year will be crucial for the cryptocurrency market as the U.S. will be led by a pro-Trump administration. Six years ago,