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
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: