the price of bitcoin hit a new all-time high — a confluence of events likely to bolster Trump's reputation as a champion of digital assets even as the dinner has raised ethical concerns.

The largest cryptocurrency climbed to a record of $109,302, breaching a previous high set at roughly the time of Trump’s inauguration on Jan. 20.

A surge in the value of some cryptocurrencies in recent days followed a Senate vote to advance the GENIUS Act, an industry-backed bill that aims to regulate some digital currency.