Bitcoin has surpassed the $100,000 mark as the post-election rally continues. What’s next?
AP Business Writer
NEW YORK (AP) — Bitcoin has topped the $100,000 mark, extending a rally in the world’s most popular cryptocurrency sparked by the election of Donald Trump. The milestone comes just hours after the president-elect signaled a lighter regulatory approach to the crypto industry with his choice of crypto advocate Paul Atkins to be the next chair of the Securities and Exchange Commission. Bitcoin has soared to unprecedented heights since Trump won the election Nov. 5. The cryptocurrency has climbed dramatically from $69,374 on Election Day and rose to more than $103,000 before falling back below $100,000 by Thursday afternoon.
