Investor euphoria over cryptocurrencies has remained high since last November, when the Republican defeated Democrat Kamala Harris in the elections.

Bitcoin has again set a new all-time high on Monday, reaching US$109,228.6, and is already eyeing the psychological figure of US$110,000 on the eve of Donald Trump's return to the US presidency for a second term.

However, at around 2:50 p.m. Spanish peninsular time, the benchmark cryptocurrency held its nerve up to US$107,903.9, although the price still remained positive with a gain of 2.81%.

Investor euphoria over cryptocurrencies has remained high since last November, when the Republican defeated Democrat Kamala Harris in the elections.

During his election campaign, Trump promised to turn the United States into the "crypto capital of the planet" after advocating the creation of a "strategic national bitcoin reserve."

In addition, on the same day, the wife of the incoming president, Melania Trump, confirmed hours before the inauguration ceremony the launch of her own 'meme' cryptocurrency, following in the footsteps of her husband, who did the same this weekend.