Investing.com– Bitcoin rose sharply to record highs above the coveted $100,000 level on Thursday as traders cheered President-elect Donald Trump’s nomination of a pro-crypto candidate to lead the SEC.
The world’s largest cryptocurrency broke out of a trading range seen in the past two weeks after Trump ended speculation over his pick for the SEC Chair by nominating former commissioner Paul Atkins. Atkins has openly expressed support for digital assets.
rose 7.6% to a record high of $103,719.4, before slightly retreating to $103,090.0 as of 08:48 ET (13:48 GMT).
“Bitcoin’s ascent towards $100,000 is a pivotal moment that reflects decades of innovation and the relentless spirit of the crypto community,” Alicia Kao, managing partner at KuCoin told Investing.com.
“It’s exhilarating to be at the forefront of this industry during such transformative times. This milestone is not just a number—it’s a signal that…
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