67 sources·Business

Bitcoin Surpasses $100,000 Amid Regulatory Optimism Following Trump's Election Victory

Bitcoin has surged past $100,000 following Trump's election win and SEC nominee Paul Atkins' pro-crypto stance, raising both excitement and caution in the market.

16%

66%

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Updated: Dec 5th, 2024, 10:12 AM ET

Summary

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Bitcoin exceeded $100,000 for the first time, hitting a peak of $103,713 after President-elect Trump's SEC nomination of Paul Atkins, a crypto advocate. The surge reflects optimism following notable gains since Trump’s election, rising from $69,374 on Election Day. Some analysts warn of the cryptocurrency's volatility and potential risks as regulatory changes are anticipated under a Trump Administration. Trump's remarks on social media further contributed to positive sentiment, although experts caution against investment risks associated with this unpredictable asset.

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