Bitcoin is heading towards the $100,000 level

The price of a Bitcoin increased to the $97,500 level on Thursday, climbing by around 4.3% on a daily basis as of 0930GMT.

The largest cryptocurrency saw a record level of $97,862 during the day, with annual gains reaching around 160% as of Thursday.

During the last 24-hour period, the price of a Bitcoin saw a low of $92,926 and a high of $97,862.

It was at $70,000 before the US elections and gained significantly following Donald Trump's victory.

Following Trump's win, the market expects positive developments for cryptocurrencies, as he pledged that the US would be the "crypto capital" of the world.

The market size of Bitcoin has recently stood at $1.93 trillion, according to figures by Coinmarketcap, a digital asset price-tracking website.