Bitcoin Surges Past $100,000 Amid Pro-Crypto Regulatory Optimism

Business 5 December 2024 20:00

Bitcoin’s price surged past $100,000 late Wednesday for the first time in history, capping off a bull run that has propelled the cryptocurrency’s value by over 30% since the U.S. presidential election on November 5, CE Report quotes Anadolu Agency

The world’s leading cryptocurrency was trading at around $68,000 on the eve of Election Day, climbing to a then-record high of $75,000 the day after the election.

Donald Trump’s victory over Vice President Kamala Harris spurred investor confidence, pushing Bitcoin to unprecedented levels.

As of publication, Bitcoin was valued at $103,343.

During his campaign, Trump promised a pro-crypto regulatory stance, pledging to make the U.S. the “crypto capital of the world” and outlining plans to create a crypto advisory board at a summer conference.

Earlier Wednesday, Trump appointed crypto advocate Paul Atkins to lead the Securities and Exchange Commission, fueling optimism for a regulatory environment favorable to the cryptocurrency industry.

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Bitcoin Surges Past $100,000 Amid Pro-Crypto Regulatory Optimism

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