Bitcoin has topped the $100,000 mark as a massive rally in the world’s most popular cryptocurrency sparked by the election of Donald Trump rolls on.
The milestone comes just hours after the president-elect signaled a lighter regulatory approach to the crypto industry with his choice of Paul Atkins to be the next chair the Securities and Exchange Commission.
Atkins, a former SEC commissioner during the presidency of George W. Bush, has argued for less market regulation.
Bitcoin has soared to unprecedented heights since crypto-friendly Trump won the election November 5. The cryptocurrency has climbed dramatically from $69,374 on Election Day and rose as high as $101,512 Wednesday, just two years after dropping below $17,000 following the collapse of crypto exchange FTX.
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From the Liveblog of
Thursday, December 5, 2024
