New Delhi, Nov. 21 -- Bitcoin prices surpassed $97,000 for the first time on Thursday, November 21, on expectations of a friendlier US regulatory approach to cryptocurrencies under President-elect Donald Trump. Bitcoin prices were up 5.7% at around $97,445 with a current market cap of $1.93 trillion, according to data on Coinmarketcap.

The world's largest cryptocurrency, Bitcoin prices hit its all-time high of $96,525.20, marching towards the $1,00,000-mark.

Bitcoin rate has more than doubled this year and the crypto market as a whole consolidated gains of approximately $900 billion since Trump was voted in as the next US president and a slew of pro-crypto lawmakers were elected to Congress.

"Market sentiment grew stronger from a media...