Early Thursday morning Bitcoin managed to surpass the much-anticipated $100,000 milestone, reaching as high as $103,844.05, or even higher in some exchanges. This marks a gain of over 130% in 2024 and 40% since the U.S. elections.
According to analysts, this upward move is based on Trump’s announcement to replace Gary Gensler, whose regulatory approach had alienated investors. Trump announced that he plans to appoint cryptocurrency advocate Paul Atkins to the key position of Chairman of the Securities and Exchange Commission.
The milestone was widely expected post-election and on November 22, it had already reached $99,849.99 amid speculation that Trump would implement pro-crypto initiatives next year.
