Bitcoin has surpassed the $100,000 mark for the first time, setting a new all-time high since its inception more than a decade ago. At the time of writing, its price reached $102,073. This was reported by The Verge.
The price of bitcoin has risen sharply following the news of Donald Trump’s victory in the 2024 US presidential election. According to CoinDesk, bitcoin was worth about $69,000 on Election Day, but after the news of Trump’s victory, it jumped to $75,000. Since then, its value has only grown as investors expect a more favorable cryptocurrency environment under the Trump administration.
Trump has launched his own cryptocurrency platform, promised to keep cryptocurrency owned by the government in federal ownership, and announced his intention to fire Securities and Exchange Commission Chairman Gary Gensler, known for his fight to regulate cryptocurrency companies. Gensler said he would leave his post in January 2025.
But the coin passed the $100,000 mark a few hours after Trump announced the appointment of former Republican Securities and Exchange Commissioner Paul Atkins to head the agency. Atkins was co-chair of the Chamber of Digital Commerce’s Token Alliance. Trump stated that he “recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.”
Loading comments …