Bitcoin jumped to a record high above $84,000 on Monday as cryptocurrency expectations continued to surge following the reelection of President-elect Trump, whose victory is being largely celebrated by the industry.

Bitcoin, the world’s largest cryptocurrency, was trading at just under $85,000, up by six percent, around 12:30 p.m. ET on Monday. This is more than double its value from the same time last year, when it traded at nearly $35,000.

The surge comes nearly a week after Tuesday’s general election, during which Trump and other pro-crypto down-ballot candidates were voted into office, paving the way for a new era in the industry.

Despite several scandals in recent years roiling the industry’s reputation in Washington in recent years, digital currencies have........

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