The value of the global cryptocurrency market has topped $3 trillion as the election of Donald Trump as U.S. president spurred bets that friendlier U.S. regulation could usher in a new boom for all corners of the asset class.

The total market capitalization of all crypto assets broke to a new all-time high of $3.14 trillion. The rally, headed by Bitcoin (BTC), has several other tokens and memes in a price discovery stage.

Bitcoin hit a major milestone, surpassing $90,000 for the first time following Donald Trump’s election win. The cryptocurrency is now just over 11% away from $100,000 from its current local top, continuing its strong upward momentum.