Bitcoin hits $100,000 milestone
Bitcoin has reached a significant milestone, hitting $100,000 late on Wednesday, following a remarkable surge linked to expectations that President-elect Donald Trump will promote a regulatory environment favourable to cryptocurrencies.
This latest increase occurred shortly after Trump’s appointment of Paul Atkins as the chair of the Securities and Exchange Commission, a choice seen as supportive of the crypto industry. Since Trump’s election victory last month, Bitcoin has climbed over 40%, consistently approaching the $100,000 mark and now trading at around $101,000 per coin.
For long-time Bitcoin investors, this marks a moment of celebration after enduring numerous fluctuations in the cryptocurrency market, during which many governmental and financial institutions have been sceptical or even negative towards this asset class.
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