In an unprecedented milestone, Bitcoin soared past $100,000 on Thursday, driven by President Donald Trump's crypto-friendly policies. This marks a historic achievement for the world’s largest cryptocurrency, with its value fluctuating between $98,000 and $99,000 in late U.S. trading hours, following a brief peak at $99,073.
Bitcoin’s value has more than doubled since the start of the year, fueled by a remarkable 40% surge in the two weeks following Trump’s election victory.
Trump's return to the presidency, along with the election of pro-crypto lawmakers, has sparked optimism within the cryptocurrency community. Trump has consistently voiced his support for digital assets, pledging to position the US as the "crypto capital of the planet" and integrate Bitcoin into the national Treasury.
This historic rally also reflects investors’ relief over Trump’s promise to replace SEC Chair Gary Gensler, whose regulatory stance on crypto has been a source of concern.
In addition, Trump’s September announcement of World Liberty Financial, a mysterious new crypto venture, has amplified bullish sentiment in the market.
Bitcoin’s ascent symbolizes a broader shift toward mainstream acceptance of cryptocurrencies under supportive leadership. As the crypto market evolves, all eyes remain on Trump’s next moves and their potential impact on the digital asset landscape.
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