Bitcoin steadied near recent peaks on Thursday, as Donald Trump’s victory in the 2024 presidential election sparked sharp gains in cryptocurrencies on the prospect of friendlier crypto regulations.

But while Bitcoin’s rally cooled, other major altcoins extended their recent gains, given that they were still trading at a significant discount to their 2021 record highs. 

Bitcoin climbed to $74,809.0 by 09:18 ET (14:18 GMT). The world’s biggest crypto surged to a record high of $76,401.4 on Wednesday.