Cryptocurrency markets are bracing for bitcoin to make history by topping the $US100,000 ($153,567) level as soon as this weekend as traders position themselves for friendlier regulation under President-elect Donald Trump.

The world’s largest cryptocurrency topped $99,000 for the first time before retreating to $98,546 on Friday morning, according to CoinDesk. Bitcoin has gained more than 40 percent since Trump won the Nov. 5 election, while the broader crypto market has added nearly $1 trillion.

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