Bitcoin surged to a new high on Monday, continuing the post-election rally as Donald Trump’s presidential win stoked optimism for a favorable U.S. regulatory climate. Bitcoin rose 6% to $84,211.50, briefly touching $85,000, while Ether climbed 4%, passing the $3,000 mark after a strong 30% weekly gain. Other tokens like Cardano saw a 1.7% uptick, and Dogecoin jumped nearly 8%. Stocks linked to crypto also rallied, with Coinbase gaining 15% and MicroStrategy up 12%, as market sentiment warmed towards Trump's promises to support the crypto industry.

Trump’s campaign featured pledges to turn the U.S. into the global crypto hub, fueling speculation of a more supportive regulatory framework. Analysts from Hargreaves Lansdown and Citi noted that the market is anticipating "crypto-friendly" policies, with potential moves like a national crypto reserve fund and eased regulations adding to investor confidence. Additionally, spot Bitcoin and Ether ETFs saw record inflows of $2.01 billion and $132 million, respectively, within days of the election, reinforcing crypto's strong upward trajectory.