Bitcoin tops $100,000 as big rally sparked by Trump election win rolls on

Описание: (5 Dec 2024) ASSOCIATED PRESS
ARCHIVE: New York - 7 April 2014
1. STILL - Bitcoin logo outside of conference

ASSOCIATED PRESS
ARCHIVE: Nashville, Tennessee - 27 July 2024
2. Various STILLS - Donald Trump speaking at the Bitcoin 2024 Conference

ASSOCIATED PRESS
ARCHIVE: West Palm Beach, Florida - 6 November 2024
3. Various of Trump and his family on stage

ASSOCIATED PRESS
ARCHIVE: New York - 28 November 2016
4. STILL - Cryptocurrency advocate Paul Atkins walking into an elevator at Trump Tower

ASSOCIATED PRESS
Seoul, South Korea - 21 November 2024
5. STILL - Bitcoin logo

VOICEOVER:
Bitcoin has topped the $100,000 mark as a massive rally in the world's most popular cryptocurrency sparked by the election of Donald Trump rolls on.

The milestone comes just hours after the President-elect signaled a lighter regulatory approach to the crypto industry when he said he intends to nominate cryptocurrency advocate Paul Atkins to be the next chair of the Securities and Exchange Commission.

The cryptocurrency has climbed dramatically from just over $69,000 on Election Day in November to over $103,000 on Wednesday, according to CoinDesk.

How long bitcoin will stay above the $100,000 mark is uncertain.

It fell back to just under $102,000 early Thursday.

As with everything in the volatile cryptoverse, the future is impossible to predict.
STORYLINE:
Bitcoin has topped the $100,000 mark as a massive rally in the world's most popular cryptocurrency sparked by the election of Donald Trump rolls on.

The milestone comes just hours after the President-elect signaled a lighter regulatory approach to the crypto industry when he said he intends to nominate cryptocurrency 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 as high as $103,713 Wednesday, according to CoinDesk.

Just two years ago, bitcoin dropped below $17,000 following the collapse of crypto exchange FTX.

How long bitcoin will stay above the $100,000 mark is uncertain. It fell back to just under $102,000 early Thursday.

As with everything in the volatile cryptoverse, the future is impossible to predict.

And while some are bullish on future gains, other experts continue to warn of investment risks.

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