Bitcoin crosses $100k for first time
Bitcoin, the world’s largest cryptocurrency, has smashed through the $100,000 mark for the first time, setting a new record high.
This historic milestone comes amid growing excitement over the possibility that US President-elect Donald Trump may support cryptocurrency-friendly policies.
The price surge gained momentum after Trump announced plans to nominate Paul Atkins, a former Securities and Exchange Commission (SEC) commissioner, to lead the Wall Street regulator. Atkins is widely seen as more crypto-positive compared to the current SEC head, Gary Gensler.
Bitcoin’s value has always been a hot topic, stirring excitement during price surges and resilience during downturns. However, this particular record felt especially significant.
The cryptocurrency market, now valued at an estimated $3.3 trillion, reflects growing optimism about its future. Analysts credit Trump’s recent election win as a key factor driving the latest Bitcoin rally.
