Bitcoin Surpasses $100,000 as Rally Continues After Trump Election Victory
Bitcoin has hit a major milestone, crossing the $100,000 mark thanks to a significant rally driven by the election of Donald Trump. This surge comes as President-elect Trump announced a more relaxed regulatory stance on cryptocurrencies, indicating his intention to nominate crypto advocate Paul Atkins as the next chair of the Securities and Exchange Commission (SEC).
Since Trump’s election on November 5th, Bitcoin has seen unprecedented growth, starting at $69,374 and reaching as high as $103,713 on Wednesday. This marks a sharp increase from just two years ago when Bitcoin fell below $17,000 following the collapse of the crypto exchange FTX.
The future of Bitcoin’s value remains uncertain, but for now, it seems to be riding a wave of excitement and optimism in the wake of the election results. Stay tuned for more updates on this evolving story.
