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Bitcoin hits historic $100,000 mark

Millennium Post Delhi

Delhi 06 December 2024

DRIVEN BY TRUMP'S VICTORY

NEW YORK: Bitcoin surged past $100,000, marking a historic milestone in cryptocurrency trading, driven by Donald Trump's presidential election victory and his pro-crypto stance.

The digital currency has seen a dramatic rise from $69,374 on Election Day to a peak of $103,713 on Wednesday, according to CoinDesk data.

The rally gained momentum after Trump announced his intention to nominate Paul Atkins, a cryptocurrency advocate and former SEC commissioner, as the next Securities and Exchange Commission chair. Atkins, who joined the Token Alliance in 2017, has consistently argued against excessive market regulation and is expected to adopt a more industry-friendly approach compared to current chair Gary Gensler.

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