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05-12-2024, 11:17 AM
Bitcoin crossed the coveted $100,000 mark on Thursday amid increased optimism over friendly regulations under President-elect Donald Trump, while Federal Reserve Chair Jerome Powell also compared the crypto to gold.
Bitcoin rose 5.9% to a record high of $101,438.9 in Asian hours. The $100,000 level is viewed as psychologically important for Bitcoin, and could herald more strength in the crypto.
Gains in the world’s biggest cryptocurrency came as Trump chose Paul Atkins to lead the U.S. Securities and Exchange Commission. Atkins is a former SEC Commissioner and is largely pro-crypto.
Traders cheered Atkins’ nomination, given that he will replace incumbent SEC Chair Gary Gensler. Gensler has led a high-profile crackdown against crypto over the past two years.
Bitcoin rose 5.9% to a record high of $101,438.9 in Asian hours. The $100,000 level is viewed as psychologically important for Bitcoin, and could herald more strength in the crypto.
Gains in the world’s biggest cryptocurrency came as Trump chose Paul Atkins to lead the U.S. Securities and Exchange Commission. Atkins is a former SEC Commissioner and is largely pro-crypto.
Traders cheered Atkins’ nomination, given that he will replace incumbent SEC Chair Gary Gensler. Gensler has led a high-profile crackdown against crypto over the past two years.
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