Bitcoin has risen to $100,000 for the first time, extending its year-to-date gain to 138 per cent. On Thursday, the digital asset rose as much as 6.1% to $103,801 before settling at $101,968 as of 6:45am Irish time. The rise is attributed to the election of President-elect Donald Trump, whose crypto-friendly stance has lifted the market, with the overall crypto market jumping by roughly $1.3 trillion since the election victory.
Trump has picked Paul Atkins, a crypto proponent, to replace current SEC Chair Gary Gensler, who had cracked down on digital assets. Analysts see this as a momentum rally spurred by increased global spot volumes and the nomination of a crypto-friendly SEC chair
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