Bitcoin tops $100,000 on optimism over Trump crypto plans
- Bitcoin has broken through the $100,000 mark for the first time in a journey 15 years in the making.
- The new record high appears to have been triggered by President-elect Donald Trump announcing he had selected Paul Atkins to lead the Securities & Exchange Commission.
- Since Trump won the election on Nov. 5, the cryptocurrency has climbed dramatically from $69,374 on Election Day and rose as high as $103,713 Wednesday.
- Atkins is expected to steer a more crypto-friendly course, as he has a track record of critiquing the SEC’s tough stance on cryptocurrency firms.
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Why bitcoin is booming
The price of bitcoin surged past $100,000 for the first time on Thursday, continuing a post-election run buoyed by the pro-crypto promise of the incoming Trump administration. On Election Day, bitcoin — one of the most popular decentralized digital assets available — was worth $69,374, according to the cryptocurrency trading platform Coinbase. Within a month, it had spiked more than 44 percent. Other cryptocurrencies like ethereum and XRP also …
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Bitcoin, the world’s leading cryptocurrency, has successfully crossed the $100,000 mark. This phenomenal rise was catalysed, in no small part, by the election of the enterprising Donald Trump. The rally was fuelled further when the crypto asset crossed six figures for the first time, just a few hours following Trump’s announcement to nominate renowned cryptocurrency advocate Paul Atkins as the chair of the Securities and Exchange Commission. Eve…
Entrepreneur issues stark warning about Bitcoin as it reaches historic milestone
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Bitcoin has surpassed $100,000 mark as post-election rally continues. What’s next?
The cryptocurrency officially rose six figures Wednesday night, just hours after the president-elect said he intends to nominate cryptocurrency advocate Paul Atkins to be the next chair of the Securities and Exchange Commission.
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