The cryptocurrency broke the $76,000 mark for the first time last night, leaving behind the all-time highs of last March, while this afternoon the advances continued and the digital asset was trading above $76,500.

Bitcoin, the most valuable and best-known cryptocurrency on the market, has gained 10% since Republican Donald Trump's resounding victory in the US presidential election, allowing it to reach a new all-time high on its way to US$77,000.

According to market data consulted by Europa Press , the cryptocurrency broke the US$76,000 mark for the first time last night, leaving behind the historical highs of last March, while this afternoon the advances continued and the digital asset was trading above US$76,500.

In parallel, the Federal Reserve Open Market Committee (Fed) of the United States will announce its monetary policy stance on Thursday, with the market discounting a cut in the reference interest rate of 25 basis points, which will modulate the appetite for risky assets such as cryptocurrencies.

However, the market has cooled on the subsequent timetable for cuts as investors expect Trump's policies, in the form of tariffs and protectionism, to have an inflationary impact on the country.

Regardless of the impact that Donald Trump's arrival at the White House may have on the Federal Reserve's (Fed) monetary policy, many analysts believed that Trump's victory in itself would be good for cryptocurrencies, especially after the Biden Administration has adopted greater restrictions on the sector in recent years.

Indeed, during the election campaign, Trump promised to turn the United States into the world's cryptocurrency capital, create a Bitcoin strategic reserve and appoint regulators who would support digital assets; Harris, for her part, took a more measured approach on the campaign trail.

"The fact that Bitcoin has reached a new all-time high is a clear sign of the change that the financial ecosystem is undergoing," said Eric Demuth, co-founder and CEO of Bitpanda, who believes that the cryptocurrency is likely to reach new highs in the coming years.

In his opinion, the outcome of the US elections "will significantly influence the future of the crypto sector" since, regardless of the winner, a more robust regulatory framework for the industry is anticipated, which represents a positive step.

"A Republican administration is likely to take a more open and liberal regulatory approach compared to a Democratic administration," he added.