Cryptocurrency assets have surged in the week since Donald Trump was re-elected President, as the industry looked ahead to what Coinbase CEO Brian Armstrong on Tuesday called the "dawn of a new crypto era.

Bitcoin price edged close to $90,000 early Tuesday as the postelection rally continues. Investors are betting that former President Donald Trump’s second term will boost cryptocurrencies because he has suggested more favorable regulation.

It marks a bet by investors that a Trump White House might ease up on some of the investigations by safety regulators into features such as self-driving. The ties between Trump and Musk could also help Tesla navigate shifts in relationship between the US and China,