Bitcoin tops $100,000 as monster 2024 rally reaches new heights
Bitcoin had been widely expected to reach $100,000 since the U.S. presidential election but investors sent it to this mark much sooner than expected.
The flagship cryptocurrency was higher by more than 3% at $102,485.78 in early Thursday trading, according to Coin Metrics. Earlier, it rose as high as $103,844.05. Bitcoin is now up more than 140% in 2024 and 48% since the election.
The move came after President-elect Donald Trump announced plans to nominate Paul Atkins as chair of the Securities and Exchange Commission, fulfilling perhaps his most important campaign promise to the crypto industry: to replace Gary Gensler, who has become something of a villain in crypto for the agency's regulation-by-enforcement approach to the industry under his leadership.
Trump congratulated bitcoiners in a Truth Social post Thursday morning, saying "you're welcome" for helping send bitcoin to $100,000 and that "together, we will make America great again."
Saw this and logged in to my freebitco.in account again this morning. Haven't been there in awhile.