Bitcoin Tops $100,000 After Trump's SEC Pick and Congratulations

Dec 5, 2024, 08:49 AM

Bitcoin has surpassed the $100,000 mark for the first time, fueled by optimism over President-elect Donald Trump's victory and his pro-cryptocurrency stance. Investors anticipate that Trump's administration will create a friendly regulatory environment for digital assets. The rally gained further momentum after Trump announced his intention to nominate Paul Atkins, a known cryptocurrency advocate, as the head of the Securities and Exchange Commission (SEC). Bitcoin's value has risen more than 45% since Trump's election victory, contributing to a $1.4 trillion increase in the crypto market. Trump congratulated Bitcoin holders, stating, 'CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!'