Bitcoin’s value broke the $100,000 mark for the first time in early December and moved even higher later in the month before pricing eased a bit. The digital token ended 2024 up over 100% for the year, with about half that gain realized after President Donald Trump‘s election victory in early November.

Crypto-related stocks rose early Thursday while stock futures were trading largely flat, after the world’s largest cryptocurrency Bitcoin hit a record high. Crypto exchanges Coinbase Global and Robinhood rose 2.

Bitcoin rose to its highest level on record on Wednesday, eclipsing the previous high from January, as risk sentiment continues to improve after last month's tariff-induced selloff.