Bitcoin soared past $81,000 on Sunday as cryptocurrencies continued their upward trajectory in the wake of the November 5 elections. The surge is attributed to President-elect Donald Trump’s pro-crypto stance during his campaign, which is expected to usher in a more favorable regulatory environment for digital currencies. This development is anticipated to benefit bitcoin ETFs and related stocks, including Coinbase Global (COIN) and Robinhood Markets (HOOD).

On Sunday night, Bitcoin traded above $81,750, marking a significant increase from its position at 4 p.m. ET on Friday, when it was valued at $76,783.86. This represents a 14.1% rise over four sessions, beginning with Election Day.

During a crypto conference in July, Trump committed to transforming the U.S. into the “crypto capital of the planet and the bitcoin superpower of the world.” He has also indicated plans to appoint regulators who are supportive of cryptocurrencies and to include bitcoin in a strategic national stockpile.

Cryptocurrency analysts are now eyeing $100,000 as the next major price target for bitcoin, potentially achievable by the end of the year.