Bitcoin Exceeds $100,000 as Trump Appoints Pro-Crypto Lawyer Paul Atkins to Lead SEC

Dec 5, 2024, 08:49 AM

Bitcoin surpassed $100,000 for the first time, fueled by optimism that President-elect Donald Trump's administration will favor the cryptocurrency industry. The surge follows Trump's nomination of Paul Atkins, a pro-crypto lawyer, as the new chair of the Securities and Exchange Commission (SEC). Bitcoin reached an intraday high of $99,240 after the announcement. Investors anticipate that Atkins's appointment will lead to a friendlier regulatory environment for digital assets. Bitcoin has more than doubled over the past year and has risen over 45% since Trump's election victory.