Crypto-related stocks rose early Thursday while stock futures were trading largely flat, after the world’s largest cryptocurrency Bitcoin hit a record high. Crypto exchanges Coinbase Global and Robinhood rose 2.

Bitcoin’s value broke the $100,000 mark for the first time in early December and moved even higher later in the month before pricing eased a bit. The digital token ended 2024 up over 100% for the year, with about half that gain realized after President Donald Trump‘s election victory in early November.

Bitcoin hit a new record high of more than $111,800 around midnight ET Thursday, lifting shares of cryptocurrency-related firms.