HONG KONG — Bitcoin broke $100,000 for the first time on Thursday as traders cheered Donald Trump's decision to pick a crypto fan to head the US securities regulator, reinforcing optimism the new president will push through measures to deregulate the sector.
The cryptocurrency soared through the mark to a peak of $103,800, having enjoyed a blistering rally since the Nov. 5 election of Trump, who pledged on the campaign trail to make the United States the 'Bitcoin and cryptocurrency capital of the world.'
ON A ROLL An employee sits inside a Bitcoin exchange advertisement truck in Hong Kong on Nov. 27, 2024. Bitcoin surged past $100,000 on Dec. 4, 2024, as traders welcomed Donald Trump’s pick to head the US Securities and Exchange Commission who supports cryptocurrency. AFP PHOTO