Investing.com– rose to a new record high on Thursday, extending a run of recent gains as sentiment towards crypto markets remained upbeat on the prospect of friendlier regulations under Donald Trump.
An influx of speculative trading, after the launch of options on a spot Bitcoin exchange-traded fund this week, also boosted prices.
The hit a record high of $98,310.57, before retreating slightly to $97,224.0 by 09:16 ET (14:16 GMT). Bitcoin was now within spitting distance of the coveted $100,000 level.
Bitcoin remained an outperformer among its crypto peers, with most major altcoins moving in a flat-to-low range on Thursday. A rally in crypto prices beyond Bitcoin had largely petered out over the past week.
Bitcoin nears $100k on Trump cheer
Bitcoin’s recent rally was fueled chiefly by optimism over a second Trump presidency, after he won the 2024 elections in early-November.
