Bitcoin's march toward US$100,000 made further ground on Thursday as investors bet a friendlier US regulatory approach to cryptocurrencies under President-elect Donald Trump will unleash a boom era for the asset class.

Bitcoin prices topped US$95,000 for the first time in Asia trade, touching a high just above US$95,040.

The cryptocurrency's price has more than doubled this year and is up about 40 percent in the two weeks since Trump was voted in and a slew of pro-crypto lawmakers were elected to Congress.

"While it's now firmly into overbought territory, it is being drawn toward the US$100k level," said IG Markets analyst Tony Sycamore.

Trump embraced digital assets during his campaign, promising to make the United States the "crypto capital of the planet" and to accumulate a national stockpile of bitcoin.

More than US$4 billion has streamed into US listed bitcoin exchange-traded funds since the election.

Crypto-related stocks have been soaring along with the bitcoin price and shares in bitcoin miner MARA Holdings were up nearly 14 percent overnight, while MicroStrategy, a loss-making software company that has been buying bitcoin, rose 10 percent to take its market capitalisation beyond US$100 billion.

"Many are wondering if this administration will bring the regulatory clarity the crypto community has been waiting for. It's likely too soon to say," said Will Peck, head of digital assets at WisdomTree, a global exchange-traded fund issuer.

"We see all of this excitement as bullish not only for bitcoin or crypto broadly, but the entire blockchain-enabled ecosystem that is growing today." (Reuters)