Bitcoin powers above $105,000 for the first time

Bitcoin hit a high of $105,142 and last traded up 3.3% at $104,760.
| Photo Credit: AP

Bitcoin surged more than 3% to a record high above $105,000 in early Asian trade on Monday, extending gains made since Republican Donald Trump, who has promised to champion cryptocurrencies, was elected U.S. president in November.

Bitcoin hit a high of $105,142 and last traded up 3.3% at $104,760.

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